Loading
Loading
Conventional Loans in Fairfax
What's the monthly payment on a $937,500 conventional loan at 6.25%?
On a $937,500 purchase with $187,500 down (20% LTV), the principal and interest payment is $4,618 per month at 6.25% interest. Add property taxes, insurance, and HOA fees for your total payment.
01
Fairfax sits in Marin County, where a mountaintop is opening to the public for the first time in decades. That kind of infrastructure investment signals long-term appeal for homebuyers here.
On a $937,500 purchase with 20% down, the conventional 30-year fixed rate sits at 6.25%. Your monthly payment for principal and interest runs $4,618.
6.25%
Interest Rate
$4,618
Monthly Payment (PI)
740
Minimum FICO
5% to 20%
Down Payment Range
$1,249,125
Conforming Limit 2026
02
Conventional loans in Fairfax require a 740 FICO minimum for the best terms. Down payments typically range from 5% to 20%, though 20% eliminates PMI entirely.
Marin County's median household income of $142,785 supports homes in the $800,000 to $900,000 range comfortably. Lenders verify income through tax returns and W-2s.
Local decision guide
Use this guide to connect conventional loans eligibility, lender expectations, and local market factors before comparing payment options in Fairfax.
Fairfax sits in Marin County, where a mountaintop is opening to the public for the first time in decades. That kind of infrastructure investment signals long-term appeal for homebuyers here.
On a $937,500 purchase with 20% down, the conventional 30-year fixed rate sits at 6.25%. Your monthly payment for principal and interest runs $4,618.
Conventional loans in Fairfax require a 740 FICO minimum for the best terms. Down payments typically range from 5% to 20%, though 20% eliminates PMI entirely.
Rate check
Tell us the price range, down payment and credit range you are working with. We compare every lender we work with and show you the options side by side.
03
California lenders compete hard on conventional loans because they're backed by Fannie Mae or Freddie Mac. That agency guarantee means faster underwriting and consistent rules across the state.
Most brokers and banks offer conventional 30-year fixed within 2-3 business days of a complete application. Retail banks move slower; brokers typically close in 21-28 days.
04
Conventional pencils in Fairfax when you have 10% or more to put down. Below that, FHA's 3.5% down and lower rate often make more sense despite lifetime mortgage insurance.
At $937,500, a conventional loan with 20% down and 6.25% rate beats FHA's lifetime insurance cost over 30 years. The math flips if your down payment is under $100,000.
05
FHA loans start with a lower rate but tack on mortgage insurance for the life of the loan if you put down less than 10%. Conventional at 20% down has no insurance at all.
Jumbo loans above the 2026 conforming limit of $1,249,125 require 20% down and stronger credit. Conventional conforming loans are faster to close and cheaper to insure.
06
Bar Auklet, an ambitious seafood restaurant, is opening in Point Reyes Station. That kind of dining investment signals confidence in the area's future appeal to residents and visitors alike.
A Marin tech entrepreneur is investing millions to preserve Point Reyes Station's historic character while managing growth. That preservation effort protects long-term property values for homeowners in the wider Fairfax area.
07
Conventional lending in Marin County remains steady because agency loans attract the broadest lender competition. Brokers and banks fight for market share, which keeps rates competitive.
Fairfax buyers closing conventional loans typically have 10% or more saved. That down-payment strength makes underwriting faster and approval rates higher than FHA.
FAQ
On a $937,500 purchase with $187,500 down (20% LTV), the principal and interest payment is $4,618 per month at 6.25% interest. Add property taxes, insurance, and HOA fees for your total payment.
Yes — 20% down (80% LTV) is the threshold where PMI cancels entirely. Below 20%, PMI applies and continues until you hit 78% LTV through principal paydown.
Yes — conventional loans accept down payments as low as 3% to 5%. PMI applies until you reach 80% LTV, which typically takes 8-12 years of payments.
740 FICO or higher qualifies for the best rates and terms. Scores between 700-739 may see a small rate bump. Below 700, conventional becomes harder to qualify for.
Conventional loans typically close in 21-28 days with a broker. Retail banks may take 17-21 days. The timeline depends on appraisal speed and document turnaround.
Programs for first-time buyers that allow lower down payments and more forgiving credit and income rules.
Explore refinancing options to lower your rate, tap equity, or switch loan terms.
SRK CAPITAL in Marin County
Our team of licensed mortgage brokers works Marin County every week. Tell us where you are in the process and we will map out the loan, the timeline and the money you need at closing, with no obligation.
What working with us looks like
Licensed mortgage brokers
You talk with a broker, not a call center, from the first question to closing day.
17-21 day typical close
Most purchase loans close in 17-21 days once your paperwork is in.
Every county in California
We work across the state, including Marin County, so local limits and rules are already familiar.
Financing solutions for rental properties, fix-and-flip projects, and real estate portfolios.
Mortgage programs with alternative income documentation for business owners and freelancers.
Federally insured or guaranteed programs (FHA, VA, USDA) that let lenders accept lower credit scores and smaller down payments.
Traditional mortgage options meeting standard lending guidelines with various term structures.
Alternative lending programs for borrowers who need flexible documentation or unique loan structures.
Side-by-side comparisons to help you choose the right mortgage program.
This page is for educational purposes only and does not constitute financial, legal, or tax advice. Mortgage rates, terms, and program availability can change and vary by borrower and property. Consult a licensed mortgage professional for guidance on your scenario.