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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
30-45 days
Close Timeline
Conventional Loans in Daly City
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.
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 30 to 45 days in California. Appraisals and title work drive the timeline more than underwriting.
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%.
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.
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.
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.
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 30 to 45 days from application to funding. Appraisal and title work drive the timeline most.