Long Beach Mortgage Rates 2025
Your guide to home loans in Long Beach, California.
Long Beach, California Mortgage Rates Today
Current Long Beach mortgage rates range from 5.95% for VA loans to 7.20% for conventional financing. As a major city in Los Angeles County, Long Beach benefits from high-balance conforming loan limits of $1,149,825, making conventional and FHA loans popular choices for its diverse housing stock.
Quick Answer: Long Beach offers a more affordable coastal alternative to other LA cities, with a vibrant market for first-time buyers and families. Understanding how to leverage FHA and high-balance conventional loans is key to purchasing a home in this dynamic city.
Median Home Price
$800,000
Avg. Days on Market
39
1-Year Appreciation
+6.2%
Most Common Loan
Conventional/FHA
Current Long Beach Mortgage Rates by Loan Type
Average Long Beach Rates This Week
| Loan Type | Rate Range | Down Payment | Best For |
|---|---|---|---|
| 30-Year Fixed Conventional | 6.40% - 7.20% | 5-20% | Buyers with good credit |
| FHA 30-Year Fixed | 5.95% - 6.75% | 3.5% | First-time buyers, flexible credit |
| VA 30-Year Fixed | 5.80% - 6.55% | 0% | Eligible veterans |
| 15-Year Fixed Conventional | 5.75% - 6.50% | 10-20% | Building equity faster |
Rates updated October 26, 2025. Your actual rate depends on credit score, down payment, property type, and lender selection.
Long Beach Mortgage Payment Examples
Median Long Beach Home (Conventional)
Home Price: $800,000
Down Payment: 10% ($80,000)
Loan Amount: $720,000
Interest Rate: 6.80%
Monthly Payment Breakdown:
- Principal & Interest: $4,680
- Property Taxes: $487 ($800k × 0.73%)
- Homeowners Insurance: $133
- PMI: $270
- Total Monthly Payment: $5,570
Annual Income Needed: ~$240,000
Calculate your payment →FHA Loan for a Starter Home
Home Price: $650,000
Down Payment: 3.5% ($22,750)
Loan Amount: $638,362 (incl. UFMIP)
Interest Rate: 6.50% (FHA)
Total Monthly Payment: $4,845
Income Required: ~$165,000/year
Long Beach Home Loan Programs
1. Conventional Mortgages in Long Beach
Conventional loans are the workhorse of the Long Beach market, ideal for buyers with good credit purchasing single-family homes and condos across the city.
Key Features:
- Finance homes up to the LA County limit of $1,149,825.
- Down payments of 5-20% are common.
- No upfront mortgage insurance premium like FHA loans.
- PMI can be canceled once you reach 20% equity.
Best For:
- Buyers with credit scores of 680 or higher.
- Those purchasing properties between $500k and $1M.
2. FHA Loans in Long Beach
FHA loans are crucial for first-time buyers in Long Beach, offering a low-down-payment path to homeownership in neighborhoods like Bixby Knolls and Alamitos Beach.
Key Features:
- 3.5% minimum down payment.
- LA County FHA limit is $1,149,825.
- More lenient credit and DTI requirements.
- Great for 2-4 unit properties for 'house hacking'.
Best For:
- First-time buyers with limited savings for a down payment.
- Borrowers with credit scores in the low to mid-600s.
Long Beach Neighborhood Mortgage Guide
Belmont Shore
$1M - $2.5M
Home Type: Beach Bungalows & Condos
Schools: Good
Typical Loan: Jumbo / Conventional
Buyer Profile: Professionals, beach lovers
Bixby Knolls
$800K - $1.3M
Home Type: Family Homes
Schools: Good
Typical Loan: Conventional
Buyer Profile: Families, move-up buyers
East Village
$500K - $800K
Home Type: Condos & Lofts
Schools: N/A
Typical Loan: FHA / Conventional
Buyer Profile: Young professionals, artists
Lakewood Village
$850K - $1.4M
Home Type: Ranch-style Homes
Schools: Very Good
Typical Loan: Conventional
Buyer Profile: Families
Los Angeles County Loan Limits & Taxes
Los Angeles County 2025 Loan Limits
- Conforming Loan Limit: $1,149,825
- FHA Loan Limit: $1,149,825
- VA Loan Limit: No limit with full entitlement
What This Means for Long Beach Buyers: The high loan limits mean that the vast majority of homes in Long Beach can be purchased using flexible conventional or FHA financing, avoiding the stricter requirements of a jumbo loan.
Getting Pre-Approved for a Long Beach Mortgage
Why Pre-Approval is Important in Long Beach
While slightly less frenetic than other LA markets, Long Beach is still competitive. A pre-approval letter signals to sellers that you are a serious buyer who can close on time, giving your offer a significant advantage.
Long Beach Mortgage & Housing Market FAQ
Is Long Beach cheaper than Los Angeles?
Yes, generally. The median home price in Long Beach (around $800,000) is significantly lower than the median in the city of Los Angeles proper (around $950,000), making it a more affordable option for many homebuyers.
What income do I need to buy a house in Long Beach?
To afford a median-priced home in Long Beach (~$800,000) with a 10% down payment, a household income of approximately $240,000 is needed. For an FHA loan on a starter home, income requirements might be closer to $165,000.