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Conventional Loans in San Francisco
What's the monthly payment on a $750,000 conventional loan at 6.25%?
Principal and interest run $4,618 monthly. Add property taxes, insurance, and HOA fees — typically $2,500 to $3,500 more depending on the building and neighborhood.
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San Francisco unemployment fell to 3.4% in April as healthcare and leisure sectors offset tech layoffs. At 6.25%, a $750,000 conventional loan carries a $4,618 monthly payment for principal and interest.
The Caltrain Railyards redevelopment at 4th and King will reshape the waterfront over the next decade. That kind of infrastructure investment typically supports home values for buyers committing to the city long-term.
6.25%
Interest Rate
$4,618
Monthly P&I
740
FICO Minimum
5% to 20%
Down Payment
$1,249,125
Conforming Limit 2026
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Conventional loans require a 740 FICO minimum and typically 5% to 20% down. At 20% down, PMI cancels immediately and stays off your loan for the full term.
San Francisco's median household income is $141,446 county-wide. That income supports a $750,000 purchase with room for property taxes, insurance, and HOA fees.
Local decision guide
Use this guide to connect conventional loans eligibility, lender expectations, and local market factors before comparing payment options in San Francisco.
San Francisco unemployment fell to 3.4% in April as healthcare and leisure sectors offset tech layoffs. At 6.25%, a $750,000 conventional loan carries a $4,618 monthly payment for principal and interest.
The Caltrain Railyards redevelopment at 4th and King will reshape the waterfront over the next decade. That kind of infrastructure investment typically supports home values for buyers committing to the city long-term.
Conventional loans require a 740 FICO minimum and typically 5% to 20% down. At 20% down, PMI cancels immediately and stays off your loan for the full term.
Rate check
Tell us the price range, down payment and credit range you are working with. We compare every lender we work with and show you the options side by side.
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California lenders compete hard on conventional rates, especially for borrowers above 740 FICO. Broker shops and retail banks both offer 30-year fixed products with similar timelines and overlays.
Most lenders close conventional loans in 17 to 21 days. Appraisals and title work drive the timeline more than underwriting at this credit level.
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Conventional pencils for San Francisco buyers with 20% down and a 740+ FICO. Below 20% down, PMI adds $150 to $250 monthly, making FHA's lower rate more attractive if you're under $1,249,125.
The 2026 conforming limit for San Francisco is $1,249,125. Above that, jumbo rates run 0.25% to 0.5% higher and require 20% down plus reserves.
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FHA rates typically run 0.25% to 0.5% lower than conventional, but the mortgage insurance never cancels. Over a 30-year loan, that's real money — refinancing is the only escape.
Conventional at 20% down skips PMI entirely and locks in a clean payment. The higher starting rate pays off if you stay in the home past year seven or eight.
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San Francisco approved a five-acre park in Marina East Harbor. New green space attracts families and supports property values in neighborhoods close to the waterfront.
School closures and enrollment changes are reshaping SFUSD. Buyers with children should map school assignments carefully before committing to a neighborhood.
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San Francisco conventional lending remains steady despite tech sector volatility. Lenders compete on rate, not just terms, because the conforming market is liquid and well-funded.
Unemployment at 3.4% supports stable lending activity. Borrowers with steady income and 740+ FICO face minimal friction in underwriting.
FAQ
Principal and interest run $4,618 monthly. Add property taxes, insurance, and HOA fees — typically $2,500 to $3,500 more depending on the building and neighborhood.
No. Conventional loans accept 5% down, but PMI applies until you reach 80% LTV. At 20% down, PMI cancels immediately and never returns.
Most lenders require 740+ FICO for conventional at competitive rates. Below 740, rates jump 0.25% to 0.5% and down-payment minimums rise to 10% or 15%.
Typically 17 to 21 days. The appraisal and title work are the main delays — underwriting moves quickly at 740+ FICO with solid income documentation.
Yes, PMI is tax-deductible if your income is below $109,000 (2026 threshold). Above that, deductibility phases out. Consult a tax advisor about your specific situation.
Programs for first-time buyers that allow lower down payments and more forgiving credit and income rules.
Explore refinancing options to lower your rate, tap equity, or switch loan terms.
SRK CAPITAL in San Francisco County
Our team of licensed mortgage brokers works San Francisco County every week. Tell us where you are in the process and we will map out the loan, the timeline and the money you need at closing, with no obligation.
What working with us looks like
Licensed mortgage brokers
You talk with a broker, not a call center, from the first question to closing day.
17-21 day typical close
Most purchase loans close in 17-21 days once your paperwork is in.
Every county in California
We work across the state, including San Francisco County, so local limits and rules are already familiar.
Financing solutions for rental properties, fix-and-flip projects, and real estate portfolios.
Mortgage programs with alternative income documentation for business owners and freelancers.
Federally insured or guaranteed programs (FHA, VA, USDA) that let lenders accept lower credit scores and smaller down payments.
Traditional mortgage options meeting standard lending guidelines with various term structures.
Alternative lending programs for borrowers who need flexible documentation or unique loan structures.
Side-by-side comparisons to help you choose the right mortgage program.
This page is for educational purposes only and does not constitute financial, legal, or tax advice. Mortgage rates, terms, and program availability can change and vary by borrower and property. Consult a licensed mortgage professional for guidance on your scenario.