: Most traditional loans require at least 620 , though 740+ is recommended for the best rates. FHA loans may accept scores as low as 500 with a larger down payment.
: While 20% is standard to avoid private mortgage insurance (PMI), many first-time buyers use programs that allow as little as 3% to 3.5% down. what you need to buy a house in california
The median home price in California remains among the highest in the nation. As of February 2026, average 30-year fixed mortgage rates in the state are approximately . : Most traditional loans require at least 620
Buying a house in California in 2026 requires a mix of strong credit, substantial savings for high entry costs, and often, participation in state-specific assistance programs. Financial Requirements The median home price in California remains among
: Expect to pay between 2% and 5% of the purchase price in upfront fees, such as title insurance and escrow. 🛠️ Assistance Programs