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Montclair sits in San Bernardino County where the median household income of $82,184 stretches to cover homes in the $900K range. At 5.875%, a $750,000 conventional loan carries a $4,437 monthly payment for principal and interest alone.
The conventional market here favors buyers with 20% down and solid credit. That combination eliminates PMI entirely and locks in agency pricing without the complications of FHA insurance or jumbo overlays.
5.875%
Interest Rate
$4,437
Monthly P&I
740
Min FICO
$750,000
Loan Amount
20% ($187,500)
Down Payment
21–30 days
Close Timeline
Conventional Loans in Montclair
Conventional loans in Montclair typically require 740+ FICO, though some lenders accept 700 with compensating factors. Down payments range from 5% to 20%, but PMI applies below 20% and cancels at 78% LTV automatically.
San Bernardino County's median household income of $82,184 supports a $750,000 loan comfortably at standard 43% debt-to-income limits. That income level qualifies for roughly $550,000 to $650,000 in purchasing power without other debts.
Local decision guide
Use this guide to connect conventional loans eligibility, lender expectations, and local market factors before comparing payment options in Montclair.
Montclair sits in San Bernardino County where the median household income of $82,184 stretches to cover homes in the $900K range. At 5.875%, a $750,000 conventional loan carries a $4,437 monthly payment for principal and interest alone.
The conventional market here favors buyers with 20% down and solid credit. That combination eliminates PMI entirely and locks in agency pricing without the complications of FHA insurance or jumbo overlays.
Conventional loans in Montclair typically require 740+ FICO, though some lenders accept 700 with compensating factors. Down payments range from 5% to 20%, but PMI applies below 20% and cancels at 78% LTV automatically.
California's conventional market splits between retail banks, credit unions, and mortgage brokers. Brokers typically close faster and offer tighter pricing because they shop multiple wholesale lenders instead of one balance sheet.
Fannie Mae and Freddie Mac set the rules — credit overlays vary by lender, but the core agency guidelines are consistent statewide. Most conventional closings run 21 to 30 days with standard documentation and appraisal.
Conventional 30-year fixed makes sense in Montclair when you have 20% down and a 740+ credit score. Below that, FHA's lower rates and 3.5% down option pencil better despite lifetime mortgage insurance.
At $937,500, you're well under the $832,750 conforming limit. Conventional pricing stays agency-backed and predictable — no jumbo overlays or funding fees to negotiate.
FHA loans in Montclair run lower rates but carry mortgage insurance for life if you put down less than 10%. At 20% down, conventional has no PMI and no insurance premium — the rate difference rarely justifies FHA's lifetime cost.
VA loans offer zero down for eligible veterans, but conventional's 20% down eliminates PMI entirely without a funding fee. For non-veterans, conventional at 80% LTV is the cleanest path to insurance-free ownership.
Montclair's location in San Bernardino County puts you near the Inland Empire's job centers and commuter corridors. Home values here reflect steady demand from buyers priced out of Los Angeles County but seeking suburban stability.
The county's $82,184 median household income anchors affordability expectations. Conventional financing at 5.875% aligns with what local buyers actually earn and can sustain over 30 years.
Principal and interest run $4,437 per month on a $750,000 loan at 5.875%. Add property taxes, insurance, and HOA if applicable. This scenario assumes 80% LTV, 740 FICO, primary residence, 30-day lock as of April 13, 2026.
Yes. At 20% down (80% LTV), there is no PMI and no rate penalty. Below 20%, PMI applies and cancels automatically at 78% LTV. The insurance cost typically runs 0.5–1.5% annually on the loan balance.
Most lenders require 740+ FICO for the best rates and terms. Some accept 700 with compensating factors like higher down payment or reserves. Below 700, options narrow and rates rise.
Standard conventional closings run 21 to 30 days in California. The timeline depends on appraisal turnaround, document collection, and title work — not the lender's speed alone.
Yes. Montclair's conforming limit is $832,750. A $750,000 loan stays well under that cap, so you get agency pricing and no jumbo overlays or funding fees.