Murrieta Mortgage Rates 2025
Your guide to home loans in Murrieta, California.
Murrieta, California Mortgage Rates Today
Current Murrieta mortgage rates range from 6.20% to 7.30%. As one of the safest cities in the country and boasting excellent schools, Murrieta is a prime destination for families in Riverside County. Its housing market is dominated by conventional and VA loans, which are well-suited for its median home prices.
Quick Answer: Murrieta's mortgage market is defined by its strong appeal to families and veterans. Conventional and VA loans are the go-to financing options, allowing buyers to purchase spacious single-family homes within the county's conforming loan limits.
Median Home Price
$700,000
Avg. Days on Market
32
1-Year Appreciation
+6.5%
Most Common Loan
Conventional/VA
Current Murrieta Mortgage Rates by Loan Type
Average Murrieta Rates This Week
| Loan Type | Rate Range | Down Payment | Best For |
|---|---|---|---|
| 30-Year Fixed Conventional | 6.40% - 7.15% | 5-20% | Most family buyers |
| VA 30-Year Fixed | 5.85% - 6.55% | 0% | Veterans and military families |
| FHA 30-Year Fixed | 5.95% - 6.70% | 3.5% | First-time buyers |
| 15-Year Fixed Conventional | 5.75% - 6.50% | 10-20% | Building equity quickly |
Rates updated October 26, 2025. Your actual rate depends on credit score, down payment, property type, and lender selection.
Murrieta Mortgage Payment Examples
Median Murrieta Home (Conventional)
Home Price: $700,000
Down Payment: 10% ($70,000)
Loan Amount: $630,000
Interest Rate: 6.85%
Monthly Payment Breakdown:
- Principal & Interest: $4,124
- Property Taxes: $578 ($700k × 0.99%)
- Homeowners Insurance: $125
- PMI: $236
- Total Monthly Payment: $5,063
Annual Income Needed: ~$215,000
Calculate your payment →VA Loan in Murrieta
Home Price: $680,000
Down Payment: 0% ($0)
Loan Amount: $694,620 (incl. funding fee)
Interest Rate: 6.30% (VA)
Total Monthly Payment: $4,980 (incl. taxes, insurance, HOA)
Income Required: ~$160,000/year
Murrieta Home Loan Programs
1. Conventional Loans
Conventional loans are the primary financing tool in Murrieta. With the Riverside County conforming limit at $766,550, most homes in the area can be purchased without needing a jumbo loan.
Key Features:
- Ideal for buyers with credit scores of 680 or higher.
- Down payments of 5-20% are common.
- Allows for the purchase of single-family homes and condos.
Best For:
- Families moving for the highly-rated school district.
- Buyers with stable income and good savings.
2. VA Loans
Murrieta's large veteran population makes the VA loan an incredibly popular and powerful option, enabling military families to purchase a home with no down payment.
Key Features:
- 0% down payment required.
- No monthly mortgage insurance (PMI).
- Competitive interest rates.
Best For:
- Veterans and active-duty military personnel.
- Buyers looking to maximize their purchasing power.
Murrieta Neighborhood Mortgage Guide
Spencer's Crossing
$650K - $850K
Home Type: Newer Family Homes
Schools: Excellent
Typical Loan: Conventional / VA
Buyer Profile: Families, move-up buyers
Bear Creek
$800K - $1.5M
Home Type: Gated, Golf Course
Schools: Very Good
Typical Loan: Conventional / Jumbo
Buyer Profile: Executives, golf lovers
Central Murrieta
$550K - $750K
Home Type: Older SFR, Townhomes
Schools: Good
Typical Loan: FHA / Conventional
Buyer Profile: First-time buyers
La Cresta
$1.5M+
Home Type: Equestrian, Large Estates
Schools: Good
Typical Loan: Jumbo
Buyer Profile: High-net-worth, rural lifestyle seekers
Getting Pre-Approved for a Murrieta Mortgage
Why Pre-Approval is Essential in Murrieta
The market in Murrieta is competitive, driven by its reputation for safety and good schools. A strong pre-approval letter is necessary to compete against other motivated family buyers and shows sellers you are financially prepared to close the deal.
Murrieta Mortgage & Housing Market FAQ
What income is needed to buy a house in Murrieta?
To afford a median-priced home in Murrieta (~$700,000) with a 10% down payment, a household income of around $215,000 is typically needed. VA buyers may qualify with a lower income due to the absence of PMI.
Is Murrieta a good place for families?
Yes, Murrieta is consistently ranked as one of the safest cities in the United States and is well-known for its excellent public schools, numerous parks, and family-oriented community, making it a top choice for families in Southern California.