Pasadena Mortgage Rates 2025
Your guide to home loans in Pasadena, California.
Pasadena, California Mortgage Rates Today
Current Pasadena mortgage rates range from 6.30% for conventional loans to 7.50% for jumbo financing. Located in Los Angeles County, Pasadena is a high-cost area with a conforming loan limit of $1,149,825. Its housing market is a mix of high-balance conventional loans for historic homes and condos, and jumbo loans for luxury properties.
Quick Answer: Pasadena's mortgage landscape is defined by its desirable neighborhoods and mix of historic and modern homes. Buyers need to understand both high-balance conventional financing and jumbo loan requirements to compete effectively in this sophisticated market.
Median Home Price
$1,100,000
Avg. Days on Market
42
1-Year Appreciation
+5.8%
Most Common Loan
Conventional
Current Pasadena Mortgage Rates by Loan Type
Average Pasadena Rates This Week
| Loan Type | Rate Range | Down Payment | Best For |
|---|---|---|---|
| 30-Year Fixed Conventional | 6.30% - 7.15% | 10-20% | Homes under $1.15M, good credit |
| 30-Year Jumbo | 6.50% - 7.50% | 20-25% | Homes over $1.15M, strong assets |
| FHA 30-Year Fixed | 5.90% - 6.70% | 3.5% | First-time buyers, condos |
| VA 30-Year Fixed | 5.70% - 6.45% | 0% | Eligible veterans |
Rates updated October 26, 2025. Your actual rate depends on credit score, down payment, property type, and lender selection.
Pasadena Mortgage Payment Examples
Median Pasadena Home Purchase
Home Price: $1,100,000
Down Payment: 20% ($220,000)
Loan Amount: $880,000
Interest Rate: 6.80% (Conventional)
Monthly Payment Breakdown:
- Principal & Interest: $5,723
- Property Taxes: $674 ($1.1M × 0.73%)
- Homeowners Insurance: $220
- Total Monthly Payment: $6,617
Annual Income Needed: ~$285,000
Calculate your payment →Jumbo Loan in Pasadena
Home Price: $1,800,000
Down Payment: 25% ($450,000)
Loan Amount: $1,350,000
Interest Rate: 7.10% (Jumbo)
Total Monthly Payment: $10,215
Income Required: ~$440,000/year
Pasadena Home Loan Programs
1. Conventional Mortgages in Pasadena
High-balance conventional loans are the most common tool for Pasadena buyers, allowing financing up to $1,149,825 for the city's many million-dollar homes without needing a jumbo loan.
Key Features:
- Finance homes up to the LA County limit of $1,149,825.
- 10-20% down payments are standard.
- Best rates require 720+ credit scores.
- Ideal for historic homes and condos in areas like Old Town.
Best For:
- Buyers with strong credit and significant savings.
- Professionals working at Caltech, JPL, or in downtown LA.
2. Jumbo Loans in Pasadena
For homes in prestigious neighborhoods like Madison Heights or the Arroyo, jumbo loans are necessary to finance properties priced above the conventional limit.
Key Features:
- For loans over $1,149,825.
- Minimum 20-25% down payment.
- Requires excellent credit (740+) and low debt-to-income ratios.
- Post-closing asset reserves are mandatory.
Best For:
- Buyers purchasing homes over $1.5 million.
- High-income professionals and executives.
Pasadena Neighborhood Mortgage Guide
Old Town Pasadena
$700K - $1.2M
Home Type: Condos & Lofts
Schools: N/A
Typical Loan: Conventional
Buyer Profile: Young professionals, urbanites
Madison Heights
$1.5M - $3M+
Home Type: Historic Estates
Schools: Excellent
Typical Loan: Jumbo
Buyer Profile: Executives, families
Bungalow Heaven
$900K - $1.5M
Home Type: Craftsman Bungalows
Schools: Good
Typical Loan: Conventional / Jumbo
Buyer Profile: Architecture lovers, families
South Lake
$800K - $1.4M
Home Type: Mid-Century & Condos
Schools: Good
Typical Loan: Conventional
Buyer Profile: Professionals, move-up buyers
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 Pasadena Buyers: The high-balance limit is a huge advantage, allowing many homes to be financed conventionally. However, with the median price at $1.1M, many buyers find themselves right on the edge of needing a jumbo loan.
Getting Pre-Approved for a Pasadena Mortgage
Why Pre-Approval is Critical in Pasadena
Pasadena's desirable neighborhoods and excellent schools create a competitive market. A fully underwritten pre-approval is essential to show sellers you are a credible buyer who can close without financing issues.
Pasadena Mortgage & Housing Market FAQ
What income do I need to buy a home in Pasadena?
To afford a median-priced home in Pasadena (~$1.1M) with 20% down, a household income of approximately $285,000-$310,000 is generally required. For properties requiring a jumbo loan, income needs can rise to $400,000+.
How much down payment do I need in Pasadena?
For conventional loans under $1,149,825, a 10-20% down payment is standard. For jumbo loans on homes over that price, lenders will require a minimum of 20-25% down.