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Woodside sits in San Mateo County, where the median household income of $156,000 supports homes well into the $900,000 range. At 6.25%, a $750,000 conventional loan carries a $4,618 monthly payment for principal and interest alone.
Downtown San Mateo's Bespoke mixed-use development signals renewed investment in the area. That kind of infrastructure momentum supports long-term property values for buyers locking in rates today.
6.25%
Interest rate
$4,618
Monthly P&I
620 FICO
Credit floor
20% ($187,500)
Down payment
$1,249,125
Conforming limit 2026
30–45 days
Closing timeline
Conventional Loans in Woodside
Conventional loans in Woodside start at 620 FICO, but 740+ gets the best pricing. A 20% down payment ($187,500 on a $937,500 purchase) eliminates PMI entirely and locks in the full rate benefit.
San Mateo County's median household income of $156,000 qualifies buyers for mortgages well above typical local prices. Lenders verify income through tax returns and W-2s, with debt-to-income ratios typically capped at 43% to 50%.
Local decision guide
Use this guide to connect conventional loans eligibility, lender expectations, and local market factors before comparing payment options in Woodside.
Woodside sits in San Mateo County, where the median household income of $156,000 supports homes well into the $900,000 range. At 6.25%, a $750,000 conventional loan carries a $4,618 monthly payment for principal and interest alone.
Downtown San Mateo's Bespoke mixed-use development signals renewed investment in the area. That kind of infrastructure momentum supports long-term property values for buyers locking in rates today.
Conventional loans in Woodside start at 620 FICO, but 740+ gets the best pricing. A 20% down payment ($187,500 on a $937,500 purchase) eliminates PMI entirely and locks in the full rate benefit.
California's conventional market is dominated by Fannie Mae and Freddie Mac-backed loans. Brokers like ours source rates from multiple lenders daily, so you're not locked into a single quote.
Conventional loans close in 30 to 45 days on average. Underwriting is straightforward for borrowers with solid credit and documented income, making conventional the fastest path for most Woodside buyers.
Conventional pencils for Woodside buyers with 20% down and a 740+ FICO score. Below that threshold, FHA's lower rate and 3.5% down option becomes worth comparing, even with lifetime mortgage insurance.
At $937,500, you're well below the 2026 conforming limit of $1,249,125. That means agency pricing applies across the board — no jumbo premium, no tighter overlays, just standard underwriting.
FHA rates run lower than conventional but carry lifetime mortgage insurance if you put down less than 10%. At $937,500, conventional's 20% down path avoids that cost entirely and locks a lower long-term payment.
Jumbo loans above the $1,249,125 conforming limit require 20% down and tighter credit. You're comfortably below that cap, so conventional agency pricing applies — no jumbo premium, no reserve requirements.
San Mateo County school districts placed bond measures on the June ballot to fund infrastructure and classroom upgrades. That kind of voter commitment to education supports home values and community stability for families buying now.
Michelin's expansion into Bay Area dining continues to raise the region's culinary profile. Woodside's proximity to San Mateo's growing restaurant scene adds lifestyle appeal for buyers who value walkable dining and entertainment.
$4,618 for principal and interest alone on a 30-year fixed. That's based on 6.25% interest, 0.277 discount points ($2,075 upfront), $750,000 loan, 80% LTV, 740 FICO, primary residence, 30-day lock as of June 25, 2026.
No — conventional loans accept 5% down, but PMI applies above 80% LTV. At 20% down, PMI cancels entirely and you avoid that monthly cost for the life of the loan.
Yes — conventional loans start at 620 FICO. At 680, you'll qualify, but expect a higher rate and possibly PMI even with 20% down. 740+ gets the best pricing and terms.
PMI cancels automatically at 78% LTV under the Homeowners Protection Act. You can request cancellation at 80% LTV if you've paid on time. With 20% down, you skip PMI entirely.
Typically 30 to 45 days. Conventional underwriting is straightforward for borrowers with solid credit and documented income, making it faster than FHA or jumbo options.