Question 1

What's the monthly payment on a $750,000 conventional loan in Yuba City?

Accepted Answer

At 5.875% on a $750,000 loan, principal and interest run $4,437 monthly. That's before taxes, insurance, and HOA. The full scenario: 740 FICO, 20% down, 30-year fixed, primary residence, single family, 30-day lock as of April 8, 2026.

Question 2

Do I need 20% down to avoid PMI?

Accepted Answer

Yes — 20% down (80% LTV) is the only way to skip PMI on a conventional loan. Below 20%, PMI is required and cancels automatically at 78% LTV. With 3% down, you'd carry insurance for years.

Question 3

What credit score do I need for conventional financing in Yuba City?

Accepted Answer

The minimum is 620 FICO, but 740+ gets the best rates. Below 740, lenders charge more and may require larger down payments. Most Yuba City buyers with 740+ FICO and 20% down close in 30–45 days.

Question 4

How does conventional compare to FHA in Yuba City?

Accepted Answer

FHA rates run lower but carry lifetime mortgage insurance if you put down under 10%. Conventional at 20% down has no insurance. Above $750K, conventional is often cheaper because FHA's limit is $541,287.

Question 5

Can I put down less than 20% and still get a good rate?

Accepted Answer

Yes, but PMI adds $100–150 monthly on a $750K loan. Your rate stays competitive, but the insurance cost matters over time. At 10% down, PMI cancels after 11 years; below 10%, it stays until 78% LTV.

Conventional 30-Year Fixed Mortgages in Yuba City