Conventional Investment Property Loans in San Diego, CA
Loan-size math and qualifying analysis for Conventional financing on San Diego's $1.0M median home value. Marginal fit.
Marginal fit for San Diego.
San Diego's $1.0M median requires $201k cash down — meaningful capital lockup that constrains portfolio velocity. Better suited to slow accumulation than rapid scaling.
Payment on San Diego's $1.0M median.
| Median home value (San Diego) | $1,006,261 |
| Assumed LTV | 80% |
| Loan amount | $805,009 |
| Cash to close (down payment) | $201,252 |
| Assumed rate | 6.75% |
| Term | 30-year amortizing |
| Monthly P&I | $5,221/mo |
Does San Diego pencil?
| Median monthly rent (San Diego) | $2,942/mo |
| Property taxes (est. 1.1%/yr) | −$922/mo |
| Insurance (est. 0.5%/yr) | −$419/mo |
| NOI (before debt) | $1,601/mo |
| Debt service | −$5,221/mo |
| DSCR | 0.31 |
Most Conventional lenders require DSCR ≥ 1.10 to fund and ≥ 1.20-1.25 for the best pricing tier. San Diego medians fall below typical lender DSCR floors — a DSCR loan will only work on properties materially below median or with above-market rent.
Conventional financing — the mechanics.
Conforming residential mortgage for non-owner-occupied 1-4 unit properties, sold to Fannie Mae or Freddie Mac. Standard 30-year amortization. The lowest-cost real-estate financing available to most investors.
Lender requires: 680+ FICO, 20-25% down, DTI typically under 45% including the new mortgage, 2 years of W-2 + tax returns, 6 months of reserves per property. Closing in 30-45 days.
How California law affects this loan.
California: state income tax up to 13.3%. See full Conventional in California breakdown.
Frequently asked.
What's the typical Conventional loan size for a property in San Diego?
On San Diego's $1.0M median home value, a Conventional loan at the standard 80% LTV would be approximately $805k, requiring $201k down.
What's the monthly payment on a typical Conventional loan in San Diego?
Fully-amortizing 30-year payment on a $805k Conventional loan at the typical rate of 6.75% would be approximately $5k/month, excluding taxes and insurance.
Is San Diego a good market for Conventional financing?
San Diego's $1.0M median requires $201k cash down — meaningful capital lockup that constrains portfolio velocity. Better suited to slow accumulation than rapid scaling.
What credit and reserves do Conventional lenders require for San Diego properties?
Lender requires: 680+ FICO, 20-25% down, DTI typically under 45% including the new mortgage, 2 years of W-2 + tax returns, 6 months of reserves per property. Closing in 30-45 days.
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