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Commerce sits in Los Angeles County, where the median household income of $87,760 supports purchases in the $750,000 range. At 6.25%, a $750,000 conventional loan carries a $4,618 monthly payment for principal and interest alone.
LAUSD's fiscal oversight challenges are reshaping how families think about long-term stability in the county. A conventional 30-year fixed locks your rate and payment for three decades, insulating you from rate swings.
6.25%
Interest Rate
$4,618
Monthly P&I
740
FICO Minimum
20% ($187,500)
Down Payment
$750,000
Loan Amount
30 days
Rate Lock
Conventional Loans in Commerce
Conventional loans in this price range require a 740 FICO minimum and 20% down to skip PMI entirely. At $937,500 purchase price, that's $187,500 down and a $750,000 loan amount.
Los Angeles County's median household income of $87,760 supports debt ratios up to roughly 43% of gross income. On a $750,000 loan, your total housing payment (including taxes, insurance, HOA) typically lands around $6,200 to $6,500 monthly.
Local decision guide
Use this guide to connect conventional loans eligibility, lender expectations, and local market factors before comparing payment options in Commerce.
Commerce sits in Los Angeles County, where the median household income of $87,760 supports purchases in the $750,000 range. At 6.25%, a $750,000 conventional loan carries a $4,618 monthly payment for principal and interest alone.
LAUSD's fiscal oversight challenges are reshaping how families think about long-term stability in the county. A conventional 30-year fixed locks your rate and payment for three decades, insulating you from rate swings.
Conventional loans in this price range require a 740 FICO minimum and 20% down to skip PMI entirely. At $937,500 purchase price, that's $187,500 down and a $750,000 loan amount.
California conventional lenders compete on rate, closing speed, and service. Most major banks and mortgage brokers offer 30-year fixed programs with 15 to 30-day locks.
Agency loans (Fannie Mae and Freddie Mac) dominate the conforming market because they're cheaper to fund than jumbo or portfolio loans. Expect 2 to 3 basis-point rate variation between lenders for identical credit and property profiles.
Conventional 30-year fixed makes sense in Commerce when you have 20% down and a 740+ FICO. The 6.25% rate and zero PMI cost are hard to beat against FHA's lifetime insurance.
Above $1,249,125 (the 2026 conforming limit), jumbo rates typically run 0.25% to 0.5% higher. Below that, conventional is the cheapest path for well-qualified buyers.
FHA loans allow 3.5% down but charge mortgage insurance for the life of the loan if you put down less than 10%. Conventional at 20% down skips that cost entirely.
An FHA buyer putting 3.5% down on a $937,500 purchase pays mortgage insurance forever. Conventional's 20% down means zero insurance and a lower total payment over 30 years.
LAUSD's fiscal oversight by Los Angeles County signals long-term uncertainty for school-dependent families. A 30-year fixed rate locks your housing cost, providing stability when other expenses may shift.
Commerce's location in the Port of Los Angeles industrial corridor means property values tie closely to regional logistics and trade activity. A conventional mortgage with a locked rate protects your investment against rate inflation over three decades.
Conventional lending in Los Angeles County remains steady as rates stabilize. Fannie Mae and Freddie Mac continue to set the tone for pricing and underwriting standards.
Commerce's industrial location and proximity to the Port of LA keep property values anchored to regional economic activity. Lenders price conventional loans based on property type, occupancy, and local market fundamentals.
$4,618 for principal and interest. Add property taxes, insurance, and HOA to reach your total housing payment. This scenario assumes 740 FICO, 20% down, and a 30-day lock as of July 22, 2026.
Yes — 20% down (80% LTV) is the only way to skip PMI on a conventional loan. With less than 20% down, PMI applies until you reach 78% LTV through appreciation or paydown.
Yes. Conventional loans accept 5% to 19.99% down, but PMI applies until you hit 80% LTV. The lower your down payment, the higher your monthly cost due to insurance.
740 FICO is the floor for this rate scenario. Some lenders accept 680-700 FICO but charge higher rates. Better credit opens access to better pricing.
Typically 30 to 45 days from application to funding. Conventional loans close faster than FHA because they have fewer overlays and less documentation burden.