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Seal Beach sits at the Orange County coast where $937,500 is the entry point for a single-family home. At 5.875%, your principal and interest run $4,437 monthly on a $750,000 conforming loan with 20% down.
Conforming loans dominate this market because Seal Beach homes stay under the $1,249,125 limit. Lenders compete hard on conforming rates, which means faster closes and tighter pricing than jumbo territory.
5.875%
Interest Rate
$4,437
Monthly P&I
$750,000
Loan Amount
620
Min. FICO
20% ($187,500)
Down Payment
30 days
Lock Period
Conforming Loans in Seal Beach
Conforming loans in Seal Beach require a 620 FICO minimum, though 740+ gets the best rates. Down payment ranges from 3% to 25%, but 20% eliminates PMI entirely. At 80% LTV with 20% down, you pay no mortgage insurance and no rate penalty.
Orange County's median household income of $113,702 supports a $750,000 loan comfortably at standard 43% debt-to-income. Most lenders want 2-3 months reserves in savings after closing. Self-employed borrowers need two years of tax returns.
Local decision guide
Use this guide to connect conforming loans eligibility, lender expectations, and local market factors before comparing payment options in Seal Beach.
Seal Beach sits at the Orange County coast where $937,500 is the entry point for a single-family home. At 5.875%, your principal and interest run $4,437 monthly on a $750,000 conforming loan with 20% down.
Conforming loans dominate this market because Seal Beach homes stay under the $1,249,125 limit. Lenders compete hard on conforming rates, which means faster closes and tighter pricing than jumbo territory.
Conforming loans in Seal Beach require a 620 FICO minimum, though 740+ gets the best rates. Down payment ranges from 3% to 25%, but 20% eliminates PMI entirely. At 80% LTV with 20% down, you pay no mortgage insurance and no rate penalty.
California's conforming market splits between retail banks, credit unions, and mortgage brokers. Brokers typically close in 30-45 days and offer tighter pricing because they shop multiple lenders. Retail banks move slower but offer branch support.
Fannie Mae and Freddie Mac set the rules for all conforming loans statewide. That means your credit, income, and property appraisal get the same scrutiny whether you're in Seal Beach or Sacramento.
Conforming makes sense in Seal Beach if you have 20% down and a 740+ FICO. At that profile, the 5.875% rate beats jumbo pricing by 50+ basis points. You avoid PMI and get the fastest close.
If you're putting 5-15% down, run the PMI math first. On a $750,000 loan at 15% down, PMI costs roughly $250-300 monthly. Sometimes a jumbo at a higher rate pencils better over five years than conforming with PMI.
Jumbo loans above $1,249,125 typically run 0.25-0.5% higher than conforming. If you're buying a $1.2M home, conforming stays cheaper. But jumbo offers flexibility on cash reserves and appraisal waivers that conforming doesn't.
FHA loans run lower rates than conforming but carry lifetime mortgage insurance if you put down less than 10%. For a $750K purchase, that insurance costs $200-250 monthly forever unless you refinance. Conforming with 20% down has zero insurance.
Seal Beach's coastal location and small-town feel attract buyers who plan to stay long-term. That stability supports conforming financing because lenders see lower default risk in owner-occupied primary residences.
The city's proximity to Long Beach and Los Angeles job centers means dual-income households dominate. Those borrowers typically qualify easily for conforming loans because their combined income supports the debt-to-income ratio.
At 5.875% on a $750,000 loan with 20% down, principal and interest run $4,437 monthly. That's based on April 8, 2026 pricing. Add property taxes, insurance, and HOA if applicable to get your total housing payment.
Yes. 20% down (80% LTV) is the only way to skip PMI on a conforming loan. Below 20%, PMI is required and typically costs $200-400 monthly depending on your down payment and credit score.
Yes. Conforming loans accept 3% down minimum. You'll pay PMI, but it cancels automatically at 78% LTV or by request at 80% LTV. The trade-off is higher monthly payment and PMI cost.
620 FICO is the minimum. Rates improve significantly at 740+. At 740 FICO with 20% down, you get the best pricing. Below 680, expect rate adjustments and tighter underwriting.
Conforming loans typically close in 30-45 days. Brokers often close faster than retail banks. Speed depends on appraisal turnaround and how quickly you provide documentation.