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Santa Fe Springs sits in Los Angeles County where the median household income of $87,760 stretches to homes in the $750K–$950K range. At 5.875%, a $750,000 conforming loan runs $4,437 monthly in principal and interest alone.
The conforming limit here is $1,249,125, so buyers with 20% down can finance up to that cap without jumbo pricing. Most Santa Fe Springs purchases land between $800K and $1.1M, where conforming rates stay competitive against jumbo alternatives.
5.875%
Interest Rate
$4,437
Monthly P&I
620
Min FICO
$750,000
Loan Amount
20% ($187,500)
Down Payment
30–45 days
Typical Close
Conforming Loans in Santa Fe Springs
Conforming loans in Santa Fe Springs require a 620 FICO minimum, though 740+ gets the best rates. Down payments range from 5% to 25%; at 20% down (80% LTV), you skip PMI entirely.
Los Angeles County's median household income of $87,760 supports a $750K purchase with a 28% housing ratio. Debt-to-income caps run 43–50% depending on reserves and credit. Most lenders close conforming loans in 30–45 days with standard documentation.
Local decision guide
Use this guide to connect conforming loans eligibility, lender expectations, and local market factors before comparing payment options in Santa Fe Springs.
Santa Fe Springs sits in Los Angeles County where the median household income of $87,760 stretches to homes in the $750K–$950K range. At 5.875%, a $750,000 conforming loan runs $4,437 monthly in principal and interest alone.
The conforming limit here is $1,249,125, so buyers with 20% down can finance up to that cap without jumbo pricing. Most Santa Fe Springs purchases land between $800K and $1.1M, where conforming rates stay competitive against jumbo alternatives.
Conforming loans in Santa Fe Springs require a 620 FICO minimum, though 740+ gets the best rates. Down payments range from 5% to 25%; at 20% down (80% LTV), you skip PMI entirely.
Conforming loans are the backbone of the California mortgage market. Retail banks, credit unions, and brokers all offer them at similar rates because they're sold to Fannie Mae and Freddie Mac. Competition is fierce, which keeps rates tight.
Most lenders fund conforming loans in 30–45 days. Appraisals, title work, and underwriting follow standard agency guidelines—no exotic overlays. Broker shops often close faster than retail banks because they have fewer internal layers.
Conforming makes sense in Santa Fe Springs when you have 20% down and a 740+ FICO. At that profile, the 5.875% rate beats jumbo pricing by 30–50 basis points. The math is simple: stay under $1.25M and avoid the jumbo premium.
Below 20% down, conforming still wins over jumbo, but PMI costs money. If you're putting 10% down on a $937,500 purchase, PMI runs roughly $200–250 monthly. That's real cost over a decade—refinancing to remove it is the only escape.
FHA loans in Santa Fe Springs run lower rates than conforming but carry lifetime mortgage insurance if you put down less than 10%. At 3.5% down, FHA's upfront mortgage insurance premium is 1.75% of the loan—that's $13,125 rolled into the loan amount on a...
Conforming at 20% down has no PMI and no insurance cost. FHA's rate advantage disappears once you factor in lifetime MIP. For Santa Fe Springs buyers with solid credit and 15%+ down, conforming pencils better over 10+ years.
Santa Fe Springs is an industrial and commercial hub in southeast Los Angeles County. The city's proximity to the 605 and 710 freeways makes it a commute-friendly option for buyers working across the county. Home values here reflect that accessibility.
Schools in the Santa Fe Springs Unified School District serve families across the area. Buyers with children often weigh school ratings alongside mortgage terms.
Principal and interest run $4,437 monthly. Add property taxes, insurance, and HOA fees for your total payment. This scenario assumes a $937,500 purchase, $187,500 down (20%), 740 FICO, 30-day lock, April 9, 2026 pricing.
Yes. At 20% down (80% LTV), there is no PMI. Below 20%, PMI is required and cancels automatically at 78% LTV. With 10% down, expect PMI of roughly $200–250 monthly on a $750K loan.
Yes, conforming loans start at 620 FICO. However, your rate will be higher than 5.875%. Rates improve significantly at 680+, and the best pricing kicks in at 740+. Pull your credit report and ask for a rate quote at your actual score.
Typically 30–45 days. Appraisal, title, and underwriting follow standard Fannie Mae rules. Brokers sometimes close faster than retail banks because they have fewer internal approval layers.
At 20% down, yes. Conforming has no PMI. FHA rates run lower but carry lifetime mortgage insurance if you put down less than 10%. With 15%+ down, conforming wins over 10+ years because you avoid insurance costs.