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Ontario's market sits at the edge of the conforming limit—$832,750 maximum. A $937,500 purchase with $187,500 down (20%) runs $4,437 monthly on principal and interest at today's 5.875% rate. That's the sweet spot where conforming loans beat jumbo pricing.
San Bernardino County's median household income of $82,184 supports homes in the $700K–$850K range comfortably. Ontario's location between Los Angeles and the Inland Empire keeps it accessible for buyers who want space without desert isolation.
5.875%
Interest rate
$4,437
Monthly P&I
620
Min FICO
$750,000
Loan amount
20% ($187,500)
Down payment
30–45 days
Close timeline
Conforming loans in Ontario require a 620 FICO minimum, though 740+ gets the best pricing. Down payment ranges from 3% to 20%. At 20% down, you skip PMI entirely. Below 20%, PMI kicks in and cancels at 78% LTV automatically.
San Bernardino County's median household income of $82,184 means a $750K loan fits buyers earning roughly $180K–$200K annually. Debt-to-income ratios max out at 43–50% depending on reserves and credit. Most lenders want 2–6 months of reserves in the bank.
California's conforming market is deep. Retail banks, credit unions, and mortgage brokers all compete on conforming loans because agency rules are standardized—Fannie Mae and Freddie Mac set the underwriting floor.
Closing timelines run 30–45 days for conforming loans. Appraisals, title work, and underwriting move faster than jumbo because there's no portfolio risk. Brokers can shop multiple lenders in real time, which often beats a single retail bank's quote.
Conforming loans make sense in Ontario when you're buying under $832,750. Above that, jumbo rates jump 0.25–0.5% and require 20% down plus reserves. At $750K, conforming pricing is unbeatable—you're not paying jumbo premiums.
The real win is the 80% LTV scenario. Twenty percent down eliminates PMI and locks you into the conforming rate without insurance drag.
FHA loans in Ontario run lower rates but carry lifetime mortgage insurance if you put down less than 10%. At 10%+ down, FHA insurance cancels after 11 years. Conforming PMI cancels at 78% LTV—often faster. Call for today's FHA quote to compare the total cost.
VA loans offer zero-down with no PMI, but the funding fee replaces insurance. If you're a veteran with a Certificate of Eligibility, VA is worth comparing.
Ontario's location between Los Angeles and the Inland Empire makes it a logistics hub. That means job stability and wage growth for warehouse, distribution, and manufacturing workers.
The city's proximity to Ontario International Airport and I-10 access supports long-term property values. Families buying here often work across the region—the commute calculus matters more than neighborhood walkability.
Principal and interest run $4,437 monthly at 5.875% on a $750K loan. That's based on a $937,500 purchase with $187,500 down (20% LTV), 740 FICO, 30-year fixed, locked 30 days as of April 17, 2026. Add property tax, insurance, and HOA if applicable.
Yes. At 20% down (80% LTV), there is no PMI and no rate penalty. Below 20%, PMI is required and cancels automatically at 78% LTV. At 10% down on a $750K loan, PMI runs roughly $150–$200 monthly until you hit that threshold.
The minimum is 620 FICO. However, 740+ gets the best rates. Below 680, lenders tighten overlays—higher down payment, more reserves, stricter debt-to-income. At 740, you're in the sweet spot for conforming pricing.
The conforming limit is $832,750. Above that, jumbo loans carry portfolio risk and require 20% down plus reserves. Jumbo rates run 0.25–0.5% higher. At $750K, you're well under the limit, so you get agency pricing without jumbo premiums.
Typically 30–45 days. Fannie Mae and Freddie Mac rules are standardized, so appraisals and underwriting move faster than jumbo. Brokers can shop multiple lenders in real time, which often speeds the process.
Conforming Loans in Ontario