California Mortgage Guide: High Costs, Higher Limits

California's Unique Mortgage Landscape

With a median home price of $750K, California is one of the most expensive states to buy a home. However, high-cost area FHA limits ($1,149,825) and relatively low property taxes (0.71%) help offset some of the burden.

Key Numbers

Median home price: $750,000
FHA limit: $1,149,825
Conforming limit: $1,149,825
Property tax: 0.71% (Prop 13)
Median income: $85,000

Affordability Reality

At median income, a California buyer has a DTI of 45%+ for the median-priced home — well above the recommended 28%. Most buyers need dual income or significant savings.

See all California mortgage estimates: view calculator.