Loading
Loading
Imperial Beach sits at the southern edge of San Diego County, where $937,500 is a solid mid-range purchase. At 5.875%, a conforming 30-year fixed on $750,000 runs $4,437 monthly for principal and interest alone.
The conforming limit here is $1,104,000, so most single-family homes in Imperial Beach qualify without jumbo pricing. Buyers with 20% down and a 740+ FICO find the straightforward path: no PMI, no surprises, a locked rate for three decades.
5.875%
Interest rate
$4,437
Monthly P&I
620
Min FICO
$750,000
Loan amount
$1,104,000
Conforming limit
30 days
Lock period
Conforming Loans in Imperial Beach
Conforming loans in Imperial Beach require a 620 FICO minimum, but lenders prefer 740+. Down payment ranges from 5% to 20%; at 20% down (80% LTV), you skip PMI entirely. Below 20%, PMI kicks in and stays until you hit 78% LTV or request cancellation at 80%.
San Diego County's median household income is $102,285. That income comfortably covers a $937,500 purchase at this rate—the monthly payment fits well within standard debt-to-income limits.
Local decision guide
Use this guide to connect conforming loans eligibility, lender expectations, and local market factors before comparing payment options in Imperial Beach.
Imperial Beach sits at the southern edge of San Diego County, where $937,500 is a solid mid-range purchase. At 5.875%, a conforming 30-year fixed on $750,000 runs $4,437 monthly for principal and interest alone.
The conforming limit here is $1,104,000, so most single-family homes in Imperial Beach qualify without jumbo pricing. Buyers with 20% down and a 740+ FICO find the straightforward path: no PMI, no surprises, a locked rate for three decades.
Conforming loans in Imperial Beach require a 620 FICO minimum, but lenders prefer 740+. Down payment ranges from 5% to 20%; at 20% down (80% LTV), you skip PMI entirely. Below 20%, PMI kicks in and stays until you hit 78% LTV or request cancellation at 80%.
Conforming loans are the backbone of California's mortgage market. Banks, credit unions, and mortgage brokers all offer them because they meet FHFA standards and sell easily to Fannie Mae and Freddie Mac. Rates are competitive across the board.
Brokers can shop your application to multiple lenders within 24 hours. Banks and credit unions move slower but may offer perks like rate discounts for existing customers. Closing typically takes 30-45 days for a conforming loan with clean documentation.
Conforming loans make sense in Imperial Beach when you have 15% down or more and a FICO above 700. The rate is clean, PMI is avoidable at 20% down, and you're not paying jumbo premiums. This is the no-nonsense choice.
They don't make sense if you're putting down less than 10% and plan to stay under five years. PMI costs money every month, and refinancing to drop it requires another appraisal and closing costs. FHA might save you upfront in that scenario.
FHA loans run lower rates than conforming but carry mortgage insurance for life if you put down less than 10%. At 10% down, MIP cancels after 11 years. Conforming at 20% down has zero insurance and zero rate penalty.
If you have the 20% down payment saved, conforming wins on simplicity. You pay no insurance ever. If you're stretched to 5-10% down, FHA's lower rate might offset the lifetime insurance cost—call for today's FHA quote to compare.
Imperial Beach is a beach town with a strong rental market and seasonal tourism. Home values here are tied to proximity to the water and the Strand. Buyers who plan to stay long-term benefit from stable property values and the lifestyle premium.
The area has seen steady investment in beach access and public amenities. That stability supports long-term equity growth, making a 30-year conforming loan a solid anchor for buyers committed to staying in Imperial Beach.
Principal and interest run $4,437 per month at 5.875% on a $750,000 loan. Add property taxes, insurance, and HOA fees on top. This assumes a 30-year fixed with 0.195 discount points (about $1,462 upfront).
Yes. At 20% down (80% LTV), there is no PMI and no rate penalty. Below 20%, PMI is required and stays until you reach 78% LTV or request cancellation at 80%.
The minimum is 620 FICO, but lenders prefer 740+. At 740+, you get the best rates and terms. Below 700, expect higher rates or stricter down payment requirements.
Yes. Conforming loans refinance easily because they meet FHFA standards. You'll pay a new appraisal and closing costs, but the process is straightforward and takes 30-45 days.
At $750,000, you're well below the $1,104,000 conforming limit. Conforming rates are lower and terms are easier. Jumbo loans start above the limit and carry higher rates and stricter requirements.