Question 1

What's the monthly payment on a $750,000 conforming loan in Vista?

Accepted Answer

At 5.875% APR on a $750,000 loan with 20% down, your principal and interest payment is $4,437 monthly. Add property taxes, insurance, and HOA fees if applicable.

Question 2

Do I need 20% down to avoid PMI on a conforming loan?

Accepted Answer

Yes. At 20% down (80% LTV), there is no PMI. Below 20% down, PMI is required and typically runs $200–$400 monthly on a $750K loan. PMI cancels automatically when your loan balance hits 78% LTV.

Question 3

What credit score do I need to qualify for this rate?

Accepted Answer

You need a 740 FICO minimum to lock the 5.875% rate shown. Lenders may offer conforming loans at 700 FICO, but the rate will be higher. The better your credit, the better your rate.

Question 4

How long does it take to close a conforming loan in Vista?

Accepted Answer

Conforming loans typically close in 30–45 days. The process is standardized because Fannie Mae and Freddie Mac set the rules. No surprises, no portfolio approval delays — just straightforward underwriting and appraisal.

Question 5

Is a conforming loan cheaper than FHA if I'm putting 20% down?

Accepted Answer

Yes. At 20% down, conforming has zero PMI. FHA also has no insurance at 20% down, but conforming's rate is typically higher, making conforming the better choice.

Conforming 30-year fixed mortgages in Vista: $750K at 5.875%