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Larkspur's real estate market is anchored by strong local investment. A private mountaintop opening to the public for the first time in decades signals renewed interest in Marin County's outdoor access and property values.
On a $937,500 purchase with 20% down, the monthly payment runs $4,618 at 6.25%. Conventional financing at this rate works well for buyers with solid credit and meaningful savings.
6.25%
Interest Rate
$4,618
Monthly Payment (P&I)
620
Minimum FICO
20% ($187,500)
Down Payment (Example)
$1,249,125
2026 Conforming Limit
30–45 days
Typical Closing
Conventional Loans in Larkspur
Conventional loans require a minimum 620 FICO score, though 740+ gets the best rates and terms. Down payments start at 5% but jump to 20% to skip PMI entirely.
Marin County's median household income of $142,785 supports purchases well into the $800,000 range. Lenders typically cap debt-to-income at 43% to 50%, meaning a $142,785 household can carry roughly $5,000 to $6,000 monthly in total debt payments.
Local decision guide
Use this guide to connect conventional loans eligibility, lender expectations, and local market factors before comparing payment options in Larkspur.
Larkspur's real estate market is anchored by strong local investment. A private mountaintop opening to the public for the first time in decades signals renewed interest in Marin County's outdoor access and property values.
On a $937,500 purchase with 20% down, the monthly payment runs $4,618 at 6.25%. Conventional financing at this rate works well for buyers with solid credit and meaningful savings.
Conventional loans require a minimum 620 FICO score, though 740+ gets the best rates and terms. Down payments start at 5% but jump to 20% to skip PMI entirely.
California's conventional market is dominated by agency lenders (Fannie Mae and Freddie Mac). Brokers access wholesale pricing from multiple lenders, creating competition that keeps rates tight.
Conventional closings run 30 to 45 days in most Marin County transactions. Appraisals and employment verification are standard. Lenders rarely require cash reserves for borrowers with strong credit and 20% down.
Conventional 30-year fixed makes sense in Larkspur for buyers with 20% down and 740+ FICO. The rate of 6.25% is competitive for agency loans, and skipping PMI saves thousands over the loan term.
Above the $1,249,125 conforming limit, jumbo loans carry higher rates and stricter requirements. For Larkspur's typical $800,000 to $1,100,000 range, conventional is the clear winner.
FHA loans let you put down just 3.5% instead of 20%. But mortgage insurance runs for the life of the loan if you put down less than 10%.
VA loans offer zero-down financing for eligible veterans. The funding fee (2.15% for first-time use) rolls into the loan amount. Conventional at 20% down avoids both insurance and funding fees.
Marin County Fair runs July 1–5 each summer with fireworks over the lagoon at 9:30 p.m. That kind of community anchor matters to families choosing where to buy.
A tech entrepreneur's investment in Point Reyes Station's historic preservation signals confidence in the region's future. When local money backs infrastructure and character preservation, property values tend to follow.
Conventional lending in California remains steady as Fannie Mae and Freddie Mac maintain consistent pricing. Agency loans dominate the market because they offer predictable rates and fast closings.
Marin County's strong median household income of $142,785 supports conventional borrowing. Buyers here typically have solid credit and meaningful down payments, making conventional the natural choice.
On a $750,000 loan at 6.25% with 20% down, principal and interest runs $4,618 per month. That's based on August 11, 2026 pricing. Add property taxes, insurance, and HOA fees for your total housing cost.
Yes. At 20% down (80% LTV), there is no PMI. Below 20% down, PMI applies until you reach 78% LTV. PMI typically runs 0.5% to 1.5% annually on the loan amount.
The minimum is 620 FICO, but 740+ gets the best rates and terms. At 740+, lenders waive overlays and approve faster. Below 740, expect slightly higher rates and stricter documentation.
Yes. Conventional loans accept 5% down, but PMI applies until you reach 80% LTV. At 10% down, PMI cancels after 11 years of on-time payments. Weigh the PMI cost against keeping cash in the bank.
Typical timeline is 30 to 45 days. Appraisal and employment verification are standard. With strong credit, full documentation, and no title issues, you may close in 30 days.