Mortgage Rates in San Fernando, California — March 2026
Updated March 2026 | Based on San Fernando market data and regional lending conditions
San Fernando is a growing city in California with a population of 24,476. The current 30-year fixed mortgage rate in San Fernando is 6.87%, which is 0.22% above the national average. With a median home price of $707,000 and a 20% down payment of $141,400, homebuyers can expect a monthly principal and interest payment of approximately $3,714.
Current Mortgage Rates in San Fernando, CA
Below are the current average mortgage rates available in the San Fernando 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 | 6.87% | 6.65% | +0.22% |
| 15-Year Fixed | 6.09% | 5.89% | +0.2% |
| 5/1 ARM | 6.32% | 6.15% | +0.17% |
| FHA | 6.56% | 6.25% | +0.31% |
| VA | 6.31% | 6.05% | +0.26% |
| Jumbo | 7.12% | 6.85% | +0.27% |
San Fernando Housing Market Overview
The San Fernando housing market is competitive with prices well above the national median. The median household income in San Fernando is $68,200, and the cost of living index is 140.2 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $177,600 to comfortably afford the median-priced home in San Fernando, which exceeds the current median household income.
Monthly Payment Breakdown for San Fernando
Based on the median home price of $707,000 with 20% down ($141,400), here is what you can expect to pay monthly in San Fernando:
15-Year vs. 30-Year Mortgage in San Fernando
Choosing a 15-year mortgage in San Fernando at 6.09% instead of a 30-year at 6.87% would save you $473,040 in total interest over the life of the loan. However, your monthly payment would be $4,800 instead of $3,714 — an increase of $1,086 per month.
Calculate Your San Fernando Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in San Fernando
What are the current mortgage rates in San Fernando, CA?
As of March 2026, the average 30-year fixed mortgage rate in San Fernando, California is 6.87%, while the 15-year fixed rate is 6.09%. FHA loans average 6.56% and VA loans 6.31%. These rates are 0.22% above the national average of 6.65%.
How much is a monthly mortgage payment in San Fernando?
Based on the median home price of $707,000 with 20% down, the estimated monthly mortgage payment in San Fernando is $3,714 for principal and interest. Including property taxes of $430/month, the total monthly housing cost is approximately $4,144.
What income do I need to buy a home in San Fernando?
Using the 28% rule, you would need an annual income of approximately $177,600 to afford the median-priced home in San Fernando at $707,000. The median household income in San Fernando is $68,200. This means most households would need to either earn above the median or consider homes below $707,000.
Is San Fernando a good place to buy a home in 2026?
San Fernando has a higher cost of living than average with a cost of living index of 140.2 (national average = 100). The property tax rate in California is 0.73%, which is below the national average. San Fernando has a population of 24,476 and offers a balanced lifestyle.
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Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the San Fernando, California area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.