Loading
Loading
Huntington Beach homes in the $937,500 range typically need $187,500 down to avoid PMI. At 5.875%, your monthly payment on a $750,000 loan runs $4,437 before taxes and insurance.
The conventional market here moves fast. Most buyers close within 45 days. Rates shift weekly, so locking early matters if you're serious about a property.
Conventional Loans in Huntington Beach
You'll need a 740 FICO minimum to qualify comfortably. Lenders pull tax returns, W-2s, and bank statements going back two months. Debt-to-income ratio caps at 43% for most programs.
Down payment floors at 5% for conventional, but PMI kicks in below 20%. At 20% down ($187,500), you skip PMI entirely and own equity from day one. Closing costs run 2–3% of the loan amount.
Local decision guide
Use this guide to connect conventional loans eligibility, lender expectations, and local market factors before comparing payment options in Huntington Beach.
Huntington Beach homes in the $937,500 range typically need $187,500 down to avoid PMI. At 5.875%, your monthly payment on a $750,000 loan runs $4,437 before taxes and insurance.
The conventional market here moves fast. Most buyers close within 45 days. Rates shift weekly, so locking early matters if you're serious about a property.
You'll need a 740 FICO minimum to qualify comfortably. Lenders pull tax returns, W-2s, and bank statements going back two months. Debt-to-income ratio caps at 43% for most programs.
California's conventional market is competitive. Big banks, credit unions, and mortgage brokers all offer the same Fannie Mae/Freddie Mac products, so rates and fees vary. Shop at least three lenders.
Approval timelines are predictable—usually 21 to 30 days if your file is clean. Appraisals in Huntington Beach run $600–$800. Title insurance and escrow fees are standard and non-negotiable.
Conventional 30-year fixed makes sense if you're staying put for 7+ years and want predictable payments. The rate locks in; your payment never changes. That stability beats adjustable options in a rising-rate environment.
Skip conventional if you're buying as an investment flip or need to close in under 14 days. Jumbo loans and portfolio products move faster for non-owner-occupied properties.
A 5/1 ARM at this price point might start 0.5% lower, but your rate adjusts after five years. If rates stay above 6%, you could pay $300–$400 more monthly. Conventional locks you in at 5.875% forever.
The ARM saves money only if you sell or refinance before year six. For Huntington Beach buyers planning to stay, the fixed rate removes guesswork.
Huntington Beach's coastal location means property values hold steady. Homes here appreciate slowly but reliably, which rewards long-term conventional mortgage holders. Refinancing options stay open if rates drop.
The area attracts families and retirees who value stability. A 30-year fixed payment fits that mindset—no surprises, no rate shock, no need to monitor ARM adjustment dates.
$4,437 principal and interest at 5.875%. Add property taxes, insurance, and HOA fees—typically $1,200–$1,800 more per month depending on the exact property.
Yes. At 20% down ($187,500), PMI cancels immediately. Below 20%, you pay PMI until you hit 80% LTV through appreciation or extra payments.
21 to 30 days if your file is clean—tax returns, pay stubs, and bank statements all match. Appraisal and title work add another 7–10 days.
No. Rate locks attach to a specific property and loan amount. You lock after you're under contract, usually for 30, 45, or 60 days.
740 FICO gets you the best rates and terms. Lenders will go lower (620–680) but charge higher rates and require larger down payments.