Mortgage Rates in McFarland, California — March 2026
Updated March 2026 | Based on McFarland market data and regional lending conditions
McFarland is a growing city in California with a population of 15,817. The current 30-year fixed mortgage rate in McFarland is 6.85%, which is 0.2% above the national average. With a median home price of $594,000 and a 20% down payment of $118,800, homebuyers can expect a monthly principal and interest payment of approximately $3,114.
Current Mortgage Rates in McFarland, CA
Below are the current average mortgage rates available in the McFarland area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.85% | 6.65% | +0.2% |
| 15-Year Fixed | 6.07% | 5.89% | +0.18% |
| 5/1 ARM | 6.31% | 6.15% | +0.16% |
| FHA | 6.55% | 6.25% | +0.3% |
| VA | 6.3% | 6.05% | +0.25% |
| Jumbo | 7.1% | 6.85% | +0.25% |
McFarland Housing Market Overview
The McFarland housing market is competitive with prices well above the national median. The median household income in McFarland is $76,000, and the cost of living index is 138.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $150,000 to comfortably afford the median-priced home in McFarland, which exceeds the current median household income.
Monthly Payment Breakdown for McFarland
Based on the median home price of $594,000 with 20% down ($118,800), here is what you can expect to pay monthly in McFarland:
15-Year vs. 30-Year Mortgage in McFarland
Choosing a 15-year mortgage in McFarland at 6.07% instead of a 30-year at 6.85% would save you $396,000 in total interest over the life of the loan. However, your monthly payment would be $4,028 instead of $3,114 — an increase of $914 per month.
Calculate Your McFarland Mortgage Payment
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Open Free CalculatorFrequently Asked Questions About Mortgages in McFarland
What are the current mortgage rates in McFarland, CA?
As of March 2026, the average 30-year fixed mortgage rate in McFarland, California is 6.85%, while the 15-year fixed rate is 6.07%. FHA loans average 6.55% and VA loans 6.3%. These rates are 0.2% above the national average of 6.65%.
How much is a monthly mortgage payment in McFarland?
Based on the median home price of $594,000 with 20% down, the estimated monthly mortgage payment in McFarland is $3,114 for principal and interest. Including property taxes of $386/month, the total monthly housing cost is approximately $3,500.
What income do I need to buy a home in McFarland?
Using the 28% rule, you would need an annual income of approximately $150,000 to afford the median-priced home in McFarland at $594,000. The median household income in McFarland is $76,000. This means most households would need to either earn above the median or consider homes below $594,000.
Is McFarland a good place to buy a home in 2026?
McFarland has a higher cost of living than average with a cost of living index of 138.5 (national average = 100). The property tax rate in California is 0.78%, which is below the national average. McFarland has a population of 15,817 and offers a balanced lifestyle.
Mortgage Rates in Other California Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the McFarland, California area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.