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Apple Valley sits in San Bernardino County's high-desert corridor, where $937,500 purchases a solid single-family home. At 5.875%, your monthly payment on a $750,000 loan runs $4,437 principal and interest alone.
The county's median household income of $82,184 stretches to cover homes in this range when you've saved 20% down. Conventional loans at 80% LTV mean zero PMI and no rate penalty for putting down the full amount.
5.875%
Interest Rate
$4,437
Monthly P&I
740
Min FICO
$750,000
Loan Amount
20% ($187,500)
Down Payment
Conventional Loans in Apple Valley
Conventional loans in Apple Valley require a 740 FICO score for the rates shown here. Down payments range from 5% to 25%, but only 20% down (80% LTV) eliminates PMI entirely.
The county's median household income of $82,184 supports a $750,000 loan comfortably at standard 43% debt-to-income limits. Most lenders want to see 2-3 months of liquid reserves after closing, plus stable employment history.
Local decision guide
Use this guide to connect conventional loans eligibility, lender expectations, and local market factors before comparing payment options in Apple Valley.
Apple Valley sits in San Bernardino County's high-desert corridor, where $937,500 purchases a solid single-family home. At 5.875%, your monthly payment on a $750,000 loan runs $4,437 principal and interest alone.
The county's median household income of $82,184 stretches to cover homes in this range when you've saved 20% down. Conventional loans at 80% LTV mean zero PMI and no rate penalty for putting down the full amount.
Conventional loans in Apple Valley require a 740 FICO score for the rates shown here. Down payments range from 5% to 25%, but only 20% down (80% LTV) eliminates PMI entirely.
California's conventional market runs through both retail banks and mortgage brokers. Brokers typically close in 30-40 days and offer more flexibility on overlays. Retail banks move slower but may offer better rates on jumbo amounts above the conforming limit.
Agency loans (Fannie Mae and Freddie Mac) dominate the $750K range in Apple Valley. Most lenders require appraisals, employment verification, and full documentation. Rates lock for 30 days standard, though longer locks cost slightly more.
Conventional loans make sense in Apple Valley when you have 20% down and a 740+ FICO. Below that, FHA's 3.5% down option costs less upfront but carries lifetime mortgage insurance.
At $750,000 with strong credit and 20% down, conventional pencils. You avoid PMI entirely and lock a competitive rate. The math breaks if your FICO sits below 700 or your down payment falls below 15%.
FHA loans in Apple Valley run lower rates than conventional but carry mortgage insurance for life if you put down less than 10%. At 20% down, conventional has no PMI and no rate penalty.
VA loans offer zero down for eligible veterans with no PMI and no funding fee if you're rated 10%+ disabled. If you qualify, VA beats conventional on down payment. Conventional wins if you need the flexibility to sell or refinance without VA paperwork.
Apple Valley's location in the high desert offers space and affordability compared to coastal San Bernardino County. Schools and infrastructure here serve families looking for room to grow.
The county's median household income of $82,184 means most buyers here are building equity over time, not flipping. Conventional loans reward that stability with no PMI at 20% down and predictable monthly costs.
Principal and interest run $4,437 per month at 5.875% on a $750,000 loan. That's based on a $937,500 purchase with $187,500 down (20%). Add property taxes, insurance, and HOA fees on top.
Yes. 20% down (80% LTV) is the only way to skip PMI on conventional. Below 20%, you'll pay mortgage insurance until you hit 78% LTV through automatic cancellation or request it at 80% LTV.
740 FICO gets you the rate shown. Scores from 700-739 may cost 0.125-0.25% more. Below 700, conventional becomes harder to qualify for at this loan amount.
Most brokers close in 30-40 days. Retail banks may take 45-60 days. The 30-day rate lock is standard, so you'll lock your rate early in the process.
If you have 20% down and 740+ FICO, yes. Conventional has no PMI and no rate penalty. FHA runs lower rates but charges lifetime insurance if you put down less than 10%.