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Yucaipa 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 runs $4,437 monthly in principal and interest alone.
The $937,500 purchase price with 20% down puts you at 80% LTV — the threshold where PMI cancels. That's the sweet spot for conventional financing in this market.
5.875%
Interest Rate
$4,437
Monthly P&I
620
Min. FICO
$750,000
Loan Amount
20% ($187.5K)
Down Payment
30 days
Lock Period
Conventional Loans in Yucaipa
Conventional loans in Yucaipa require a 620 FICO minimum, though 740+ gets you the best rates. Down payments range from 3% to 25%, but PMI kicks in below 20% down and stays until you hit 78% LTV.
San Bernardino County's median household income of $82,184 supports a $750,000 loan comfortably at standard 43% debt-to-income limits. Most lenders want 2-3 months reserves in the bank after closing.
Local decision guide
Use this guide to connect conventional loans eligibility, lender expectations, and local market factors before comparing payment options in Yucaipa.
Yucaipa 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 runs $4,437 monthly in principal and interest alone.
The $937,500 purchase price with 20% down puts you at 80% LTV — the threshold where PMI cancels. That's the sweet spot for conventional financing in this market.
Conventional loans in Yucaipa require a 620 FICO minimum, though 740+ gets you the best rates. Down payments range from 3% to 25%, but PMI kicks in below 20% down and stays until you hit 78% LTV.
California's conventional market splits between retail banks, credit unions, and mortgage brokers. Brokers typically close faster and offer more flexibility on overlays than large banks.
Agency loans (Fannie Mae and Freddie Mac) dominate the $750K range in Yucaipa. Underwriting runs 7-10 business days. Most lenders require appraisals, employment verification, and full documentation.
Conventional makes sense in Yucaipa when you have 20% down and a 740+ FICO. At that point, you skip PMI entirely and lock a clean 5.875% rate with no lifetime insurance drag.
Below 20% down, the PMI cost erodes the rate advantage quickly. An FHA loan with 10% down might pencil better if you're under $690,000 — call for that quote to compare.
FHA loans run lower rates than conventional but carry mortgage insurance for the life of the loan if you put down less than 10%. At 20% down, conventional has no PMI — that's the structural win.
VA loans offer zero down with no PMI, but only eligible veterans can use them. For most Yucaipa buyers with 20% down, conventional pencils cleaner than FHA's lifetime insurance cost.
Yucaipa's location in the foothills of San Bernardino County appeals to buyers seeking space and outdoor access. The area's school districts and proximity to hiking trails make it attractive for families building long-term equity.
Home values here have held steady as the county's median income supports the $900K range. Conventional financing at 80% LTV locks in that stability without PMI drag over 30 years.
At 5.875% APR on a $750,000 loan, principal and interest run $4,437 monthly. Add property taxes, insurance, and HOA fees for your total payment. This assumes 20% down on a $937,500 purchase.
Yes. At 20% down (80% LTV), there is no PMI and no rate penalty. Below 20% down, PMI is required and cancels automatically at 78% LTV. At 80% LTV, you can request cancellation.
Minimum is 620 FICO, but 740+ gets you the best rates and terms. At 740+, you qualify for the 5.875% rate shown here. Lower scores may face higher rates or require larger down payments.
Typical timeline is 30-45 days from application to closing. Underwriting runs 7-10 business days. Appraisal and employment verification happen in parallel. Brokers often close faster than large retail banks.
Yes. Conventional loans accept 3-25% down. Below 20%, PMI is required. At 10% down, PMI might cost $150-200 monthly. Compare that to FHA's lifetime insurance before deciding.