Los Angeles Mortgage Rates 2025
Your guide to home loans in Los Angeles, California.
Los Angeles, California Mortgage Rates Today
Current Los Angeles mortgage rates range from 6.30% to 7.60% depending on loan type and credit score. Los Angeles County is a high-cost area with conforming loan limits of $1,149,825. Due to high home prices, many buyers utilize high-balance conventional or jumbo loans, typically with 10-20% down payments.
Quick Answer: Los Angeles mortgage rates are a key factor for millions in one of America's largest and most complex housing markets. Understanding LA County's high-balance loan limits and the difference between conventional and jumbo financing is crucial for buyers.
Median Home Price
$950,000
Avg. Days on Market
45
1-Year Appreciation
+5.5%
Most Common Loan
Conventional
Current Los Angeles Mortgage Rates by Loan Type
Average Los Angeles Rates This Week
| Loan Type | Rate Range | Down Payment | Best For |
|---|---|---|---|
| 30-Year Fixed Conventional | 6.30% - 7.10% | 5-20% | Homes under $1.15M, good credit |
| 30-Year Jumbo | 6.60% - 7.60% | 20-25% | Homes over $1.15M |
| FHA 30-Year Fixed | 5.85% - 6.60% | 3.5% | First-time buyers, lower credit |
| VA 30-Year Fixed | 5.60% - 6.35% | 0% | Eligible veterans, no PMI |
Rates updated October 26, 2025. Your actual rate depends on credit score, down payment, property type, and lender selection.
Los Angeles Mortgage Payment Examples
Median Los Angeles Home Purchase
Home Price: $950,000
Down Payment: 10% ($95,000)
Loan Amount: $855,000
Interest Rate: 6.75%
Monthly Payment Breakdown:
- Principal & Interest: $5,546
- Property Taxes: $579 ($950k × 0.73%)
- Homeowners Insurance: $188
- PMI: $356
- Total Monthly Payment: $6,669
Annual Income Needed: ~$285,000
Calculate your payment →Jumbo Loan in Los Angeles
Home Price: $1,500,000
Down Payment: 20% ($300,000)
Loan Amount: $1,200,000
Interest Rate: 7.00% (Jumbo)
Total Monthly Payment: $9,228
Income Required: ~$395,000/year
Los Angeles Home Loan Programs
1. Conventional Mortgages in Los Angeles
The high-balance conforming loan limit makes conventional loans the most popular option for many LA buyers, avoiding the stricter requirements of jumbo financing.
Key Features:
- Los Angeles County high-balance limit: $1,149,825
- Allows financing for many homes without needing a jumbo loan
- Down payments as low as 5% are possible
- More flexible than jumbo for credit and reserves
Best For:
- Buyers with good credit (680+)
- Purchasing homes under $1.2 million
- First-time buyers with moderate savings
2. Jumbo Loans in Los Angeles
For homes priced above $1.2 million, jumbo loans are necessary. These have stricter requirements due to the larger loan amounts.
Key Features:
- For loan amounts above $1,149,825
- Typically require 20-25% down payment
- Minimum credit score of 700-720+
- Requires significant cash reserves (6-12 months of payments)
Best For:
- Buyers in upscale neighborhoods like Beverly Hills, Santa Monica
- High-income earners ($300k+)
3. FHA Loans in Los Angeles
FHA loans help first-time buyers and those with less-than-perfect credit enter the competitive LA market, especially for condos and homes in more affordable areas.
Key Features:
- LA County FHA limit: $1,149,825
- 3.5% minimum down payment
- Accepts credit scores down to 580
- Ideal for multi-family properties (up to 4 units)
Best For:
- First-time buyers with limited savings
- Borrowers with credit scores between 580-680
- Buyers in areas like the San Fernando Valley or East LA
Los Angeles Neighborhood Mortgage Guide
Silver Lake
$1.2M - $2M
Home Type: Trendy SFR & Duplex
Schools: Average
Typical Loan: Jumbo / Conventional
Buyer Profile: Creatives, tech professionals
Sherman Oaks
$1M - $2.5M
Home Type: Family SFR
Schools: Good
Typical Loan: Jumbo / Conventional
Buyer Profile: Families, industry professionals
Playa Vista
$900K - $1.8M
Home Type: Modern Condos & Townhomes
Schools: Good
Typical Loan: Conventional
Buyer Profile: Tech workers ('Silicon Beach')
Pasadena
$800K - $2M+
Home Type: Historic & Modern SFR
Schools: Very Good
Typical Loan: Conventional / Jumbo
Buyer Profile: Professionals, 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 LA Buyers: The high-balance limit is a major advantage, allowing buyers to secure conventional financing for homes up to $1.2M, which avoids the stricter 20% down and higher credit score requirements of jumbo loans.
Los Angeles County Property Taxes
Effective Tax Rate: ~0.73%
- On $950K home: $579/month
- On $1.5M home: $913/month
LA-Specific Tax Considerations: While the base rate is low, some newer developments or specific cities within LA County may have special assessments or bonds that increase the total tax bill.
Getting Pre-Approved for a Los Angeles Mortgage
Why Pre-Approval is Essential in Los Angeles
In LA's hyper-competitive market, a pre-approval is not optional—it's mandatory. Many sellers will not even consider an offer without a full pre-approval from a reputable lender.
- Compete with multiple offers and cash buyers.
- Prove you can secure financing for high-value properties.
- Allows you to move quickly when the right home comes up.
- Enables a fast close, which is attractive to sellers.
Los Angeles Mortgage & Housing Market FAQ
What is the average mortgage payment in Los Angeles?
The average mortgage payment in Los Angeles is roughly $6,000-$7,500 per month for a median-priced home ($950k) with a 10-20% down payment. In more expensive areas, payments can easily exceed $10,000/month.
What income do I need to buy a house in Los Angeles?
For a median-priced home of $950,000 with 10% down, a household income of approximately $285,000 is needed to qualify. For a $1.5M home requiring a jumbo loan, income requirements are typically in the $350,000-$400,000+ range.
How much down payment do I need in Los Angeles?
For conventional loans under $1.15M, you can put down as little as 5-10%. For jumbo loans over $1.15M, a 20% down payment is standard. In competitive bidding situations, a higher down payment (25%+) can make your offer more attractive.