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National City sits in South County San Diego, where a $937,500 purchase with 20% down runs $4,437 monthly at 5.875%. That payment covers principal and interest only — taxes and insurance add to the total.
Conventional loans dominate this price range because they hit the conforming limit of $1,104,000. At 80% LTV, you skip PMI entirely. The rate locks for 30 days, giving you time to close without rate risk.
5.875%
Interest Rate
$4,437
Monthly P&I
740
Min. FICO
$750,000
Loan Amount
20% ($187,500)
Down Payment
30 days
Rate Lock
Conventional Loans in National City
Conventional loans in National City require a 740 FICO minimum for the best pricing. Down payment ranges from 5% to 25%, though 20% eliminates PMI. San Diego County's median household income of $102,285 supports a $750,000 loan comfortably.
Lenders verify income, assets, and employment history. Debt-to-income ratio typically caps at 43%. You'll need 2 months of bank statements and 2 years of tax returns. Closing takes 30 to 45 days.
Local decision guide
Use this guide to connect conventional loans eligibility, lender expectations, and local market factors before comparing payment options in National City.
National City sits in South County San Diego, where a $937,500 purchase with 20% down runs $4,437 monthly at 5.875%. That payment covers principal and interest only — taxes and insurance add to the total.
Conventional loans dominate this price range because they hit the conforming limit of $1,104,000. At 80% LTV, you skip PMI entirely. The rate locks for 30 days, giving you time to close without rate risk.
Conventional loans in National City require a 740 FICO minimum for the best pricing. Down payment ranges from 5% to 25%, though 20% eliminates PMI. San Diego County's median household income of $102,285 supports a $750,000 loan comfortably.
California's conventional market splits between brokers and retail lenders. Brokers shop multiple wholesale lenders and lock rates faster. Retail banks offer one rate from one source, but may have faster underwriting if you bank there.
Agency loans (Fannie Mae and Freddie Mac) dominate because they're standardized. Rates move daily with the secondary market. Most lenders close in 30 to 45 days. Overlays vary — some lenders tighten credit or down payment rules beyond agency minimums.
Conventional pencils at $937,500 in National City because you're at 80% LTV with no PMI drag. The 5.875% rate reflects a strong credit profile and solid equity position. If you're below 20% down, PMI costs roughly 0.5% annually until you hit 78% LTV.
FHA makes sense only if you're putting down 3.5% and accepting lifetime mortgage insurance. Jumbo loans kick in above $1,104,000. For most buyers in this price range, conventional is the cleanest path.
FHA loans run lower rates but carry mortgage insurance for life if you put down less than 10%. At your price point, conventional at 5.875% beats FHA's rate advantage because you avoid the insurance drag over 30 years.
VA loans offer zero down with no PMI, but only eligible veterans qualify. If you're not VA-eligible, conventional is your best option at this loan size. Call for today's FHA and VA quotes to compare your specific scenario.
National City's location near the Mexican border and proximity to San Diego Bay makes it attractive for buyers seeking affordability without sacrificing access. The area has seen steady investment in infrastructure and local services.
Buyers here often prioritize commute time to central San Diego or the South Bay industrial corridor. A conventional loan with a 30-day lock lets you move quickly in a market where inventory moves fast.
At 5.875% interest on a $750,000 loan, principal and interest run $4,437 monthly. That's before property taxes, insurance, and HOA fees. The rate shown is as of April 17, 2026, with 0.196 discount points ($1,470 upfront).
Yes. At 20% down (80% LTV), there is no PMI and no rate penalty. Below 20% down, PMI applies until you reach 78% LTV. PMI typically costs 0.5% to 1% annually depending on your credit and down payment.
740 FICO gets you the best rates. Lenders may approve 680-720 FICO with a larger down payment or higher rate. Below 680, conventional becomes difficult. FHA allows 580 FICO if you're open to mortgage insurance.
Conventional loans typically close in 30 to 45 days. A 30-day rate lock gives you time to appraise, underwrite, and close without rate risk. Faster closings are possible with clean credit and full documentation upfront.
No — PMI cancels automatically at 78% LTV under the Homeowners Protection Act. You can request cancellation at 80% LTV if you've built equity through appreciation or extra payments, but automatic cancellation happens at 78%.