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Conventional Loans in Daly City
What's the monthly payment on a $937,500 home with 20% down?
At 6.25% interest, principal and interest run $4,618 per month. Add property taxes, insurance, and HOA fees for your total payment.
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Daly City's median home price sits near $937,500. A conventional 30-year fixed at 6.25% carries a principal-and-interest payment of $4,618 per month.
San Mateo County's median household income of $156,000 supports this price range. Downtown San Mateo's Bespoke mixed-use development signals neighborhood investment ahead.
6.25%
Interest Rate
$4,618
Monthly P&I
740
FICO Minimum
20% ($187,500)
Down Payment
$750,000
Loan Amount
17-21 days
Close Timeline
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Conventional loans in Daly City require a 740 FICO score minimum. Down payments range from 5% to 20%, with 20% down eliminating PMI entirely.
San Mateo County's median household income of $156,000 qualifies buyers for homes in the $800,000 to $1,000,000 range. Lenders verify income through tax returns and W-2s.
Local decision guide
Use this guide to connect conventional loans eligibility, lender expectations, and local market factors before comparing payment options in Daly City.
Daly City's median home price sits near $937,500. A conventional 30-year fixed at 6.25% carries a principal-and-interest payment of $4,618 per month.
San Mateo County's median household income of $156,000 supports this price range. Downtown San Mateo's Bespoke mixed-use development signals neighborhood investment ahead.
Conventional loans in Daly City require a 740 FICO score minimum. Down payments range from 5% to 20%, with 20% down eliminating PMI entirely.
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's conventional market is dominated by Fannie Mae and Freddie Mac. Brokers and retail banks compete on rate and closing costs.
Conventional closings typically run 17 to 21 days in California. Appraisals and title work drive the timeline more than underwriting.
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Conventional 30-year fixed makes sense for Daly City buyers with 20% down and 740+ FICO. At 80% LTV, you skip mortgage insurance entirely.
Below 20% down, FHA's 3.5% minimum and lower rates offset lifetime insurance only if you refinance within 10 years. The math flips if you're putting down less than 15%.
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FHA loans start with a lower interest rate but carry mortgage insurance for the life of the loan if down payment is under 10%. Conventional at 20% down skips insurance entirely.
VA loans offer zero down with no mortgage insurance for eligible veterans. For non-military buyers in Daly City, conventional at 20% down avoids insurance costs.
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San Mateo County school districts placed bond measures on the June ballot. Families buying in Daly City benefit from these facility upgrades.
The Michelin guide recognized Bay Area restaurants this year. Daly City's proximity to San Francisco means buyers get urban amenities without downtown price tags.
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Conventional lending in California remains steady as Fannie Mae and Freddie Mac maintain consistent guidelines. Daly City's $937,500 median price sits well below the 2026 conforming limit of $1,249,125.
Broker competition on conventional rates is fierce in the Bay Area. Shopping multiple lenders can save 0.125% to 0.25% in rate or points.
FAQ
At 6.25% interest, principal and interest run $4,618 per month. Add property taxes, insurance, and HOA fees for your total payment.
Yes — 20% down (80% LTV) is the threshold where PMI cancels. Below 20%, PMI applies until you reach 78% LTV through appreciation.
Yes. Conventional loans accept 5% down, but PMI applies. At 10% down, PMI typically costs 0.5% to 1% annually.
740 FICO qualifies for the best pricing shown here. Scores below 740 face rate bumps of 0.125% to 0.5%.
Plan for 17 to 21 days from application to funding. Appraisal and title work drive the timeline most.
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 Mateo County
Our team of licensed mortgage brokers works San Mateo 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 Mateo 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.