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Monterey runs on the aquarium, the defense language institute and the naval postgraduate school, and that mix of payrolls makes it steadier than most coastal markets.
Explore mortgage options in Monterey, Monterey County, California. Compare 25+ loan programs including conventional, FHA, VA, jumbo, and investment property financing. Get personalized rates and expert guidance from SRK CAPITAL's local mortgage team.
Waterfront, hillside and downtown
Paste a listing URL and get a detailed breakdown of which loan programs fit the property, with payment examples and risk flags.
VA financing is usually the right answer here. Let us show you what it looks like on a Monterey house.
The old sardine canneries, now the aquarium, hotels and the shops between them.
The hillside above the waterfront with older houses and bay views.
The historic core with adobes, the wharf and the closest housing to both.
The wharf and the blocks around it, where the fishing fleet still ties up.
* Rates shown as of and subject to change without notice.
* Rate scenario based on: $650,000 loan amount, 20% down payment ($812,500 purchase price), 740+ credit score, owner-occupied single-family home, with impounds.
* Your actual rate may vary based on your specific credit profile, loan amount, down payment, and other factors.
* APR fees include: $1,350 lender underwriting fee, $80 lender doc fee, $995 processing fee, $149.50 credit report, and third-party fees (title, escrow, appraisal).
* Contact an SRK CAPITAL loan officer for a personalized rate quote.
NMLS #2043372 | DRE #01961971
Equal Housing Lender | © SRK CAPITAL INC.
Buying a home in Monterey starts with matching the right loan program to the neighborhood you want and the payment you can carry.
Monterey County anchors this corner of the Central Coast's housing market, and Monterey reflects it — lending volume, inventory, and price points here track the county while staying distinctly local.
Financing choices in Monterey span conventional, FHA, VA, and jumbo structures, and the right fit depends on documentation, credit profile, and program-specific loan limits.
Monterey borrowers frequently compare options against nearby communities such as Carmel-by-the-Sea, Del Rey Oaks, Gonzales.
The current median list price in Monterey is $1,179,065.
Homes are listing around $693 per square foot.
Properties are spending about 51 days on market.
Updated 9/8/2026
Monterey Ca Monterey is updated daily with practical mortgage guidance for this page.