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San Mateo's downtown is shifting with the Bespoke mixed-use project approved at the former Talbot's site. Colma buyers in the $937,500 range are looking at 6.25% interest on a $750,000 conforming loan.
That payment runs $4,618 per month in principal and interest alone. With 20% down, you're locking in a 30-year fixed without PMI.
6.25%
Interest Rate
$4,618
Monthly Payment (P&I)
620
Minimum FICO
$1,249,125
2026 Conforming Limit
20%
Down Payment (No PMI)
Conforming Loans in Colma
A 740 FICO score qualifies for conforming pricing in Colma. Most lenders want 620 minimum, but rates improve above 680.
San Mateo County's median household income is $156,000. That income supports a $937,500 purchase with room in the debt-to-income ratio.
Local decision guide
Use this guide to connect conforming loans eligibility, lender expectations, and local market factors before comparing payment options in Colma.
San Mateo's downtown is shifting with the Bespoke mixed-use project approved at the former Talbot's site. Colma buyers in the $937,500 range are looking at 6.25% interest on a $750,000 conforming loan.
That payment runs $4,618 per month in principal and interest alone. With 20% down, you're locking in a 30-year fixed without PMI.
A 740 FICO score qualifies for conforming pricing in Colma. Most lenders want 620 minimum, but rates improve above 680.
Conforming loans under $1,249,125 follow Fannie Mae and Freddie Mac rules nationwide. California lenders compete hard on conforming rates because the secondary market is liquid.
Brokers and retail banks both offer conforming pricing. Expect a 30-day lock and underwriting in 10-15 business days for a primary residence.
Conforming fixed-rate loans make sense in Colma when you're putting 20% down and staying under the limit. The 6.25% rate is predictable and you skip PMI entirely.
Above $1,249,125, you move to jumbo pricing, which typically runs 0.25% to 0.5% higher. Below that ceiling, conforming is the path.
FHA loans start with a lower rate but carry mortgage insurance for the life of the loan if you put down less than 10%. Conforming at 20% down has no insurance cost.
VA loans offer zero down with no PMI, but require a Certificate of Eligibility and a funding fee. Conforming requires 20% down but no funding fee.
San Mateo County school districts placed bond measures on the June ballot for funding boosts. That infrastructure investment matters to families buying in Colma.
The Michelin guide added seven Bay Area restaurants recently, signaling the region's dining scene is drawing attention. That kind of cultural momentum supports long-term home values.
$4,618 per month in principal and interest. That's on a $750,000 loan, $937,500 purchase price, 20% down, 6.25% rate, 740 FICO, 30-year fixed, primary residence.
Yes. At 20% down (80% LTV), there is no PMI. Below 20% down, PMI applies until you hit 78% LTV through principal paydown.
No. The 2026 conforming limit is $1,249,125. Loans above that are jumbo and follow different rules and pricing.
Most lenders require 620 FICO minimum. Rates improve significantly above 680. At 740 FICO, you get the best conforming pricing available.
Typically 30 days with a 30-day lock. Underwriting takes 10-15 business days for a primary residence with standard documentation.