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Sacramento CA Mortgage Rates Today

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Sacramento

Current Mortgage Rates in Sacramento

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Sacramento housing market at a glance

September 2026 data

In Sacramento, homes are selling in about 55 days (12 slower than a year ago), sales are up 21.6% from last year, and about 28% of listings have had a price cut.

Median sale price
$538,000
$301 per sq. ft.
Homes sold
2,629
▲ 21.6% vs. 2,162 last year
Days on market
55
vs. 43 days last year
Homes for sale
2,374
195 new listings
Listings with a price cut
28%
676 of 2,374 listings

Source: Movoto Sacramento, CA market trends, September 2026. Last updated October 5, 2026.

What it costs to buy a home in Sacramento

Monthly payments on Sacramento's median home price of $538,000 (September 2026), at today's rates.

20% down · Conventional
$3,441/mo
Down payment
$107,600
Loan amount
$430,400
Rate
7.250%
Principal & interest
$2,936
Est. property tax
$359
Est. homeowners insurance
$146
5% down · Conventional
$3,991/mo
Down payment
$26,900
Loan amount
$511,100
Rate
7.250%
Principal & interest
$3,487
Est. property tax
$359
Est. homeowners insurance
$146
3.5% down · FHA
$3,975/mo
Down payment
$18,830
Loan amount
$528,255
Rate
6.875%
Principal & interest
$3,470
Est. property tax
$359
Est. homeowners insurance
$146

Payments include principal, interest, estimated Sacramento property taxes, and estimated homeowners insurance. They do not include mortgage insurance (PMI or FHA monthly MIP), which applies with less than 20% down, or HOA dues. The FHA loan amount includes the 1.75% upfront mortgage insurance premium. These are examples based on the median price, not the sample loan used in the rate table above.

How much income do you need to buy a home in Sacramento?

A common lender guideline is to keep your total housing payment (principal, interest, estimated Sacramento property taxes, and estimated homeowners insurance) at or below 28% of your gross monthly income. Gross income is what you earn before taxes and other deductions come out of your paycheck. Based on that guideline, here's the yearly household income needed for Sacramento's $538,000 median home:

20% down · Conventional$3,441/mo payment $147,464/yrabout $12,289/mo before taxes
5% down · Conventional$3,991/mo payment $171,058/yrabout $14,255/mo before taxes
3.5% down · FHA$3,975/mo payment $170,358/yrabout $14,196/mo before taxes

Why this matters: Keeping housing costs near 28% of your income leaves room for other bills, savings and the upkeep that comes with owning a home. It's a planning guideline, not a hard limit.

What lenders look at: Lenders also look at your debt-to-income (DTI) ratio, which adds your car, student loan and credit card payments to the new mortgage payment. Depending on the loan program and your credit, many lenders allow total debts of roughly 43% to 50% of gross income, so you may qualify with less income than shown, or need more if you carry other debt.

Household income counts: If you're buying with a partner or co-borrower, lenders can combine your incomes.

How rates change your payment

Principal and interest on a $430,400 loan (the Sacramento median price with 20% down). Every 0.25% is worth about $73/mo.

Rate6.25%6.50%6.75%7.00%7.25%
today		7.50%
Monthly P&I$2,650$2,720$2,792$2,863$2,936$3,009

Ways to make a Sacramento home more affordable

  • Negotiate on price. About 28% of Sacramento listings have had a price cut, so many sellers are open to offers.
  • Ask for seller concessions. Homes take 55 days to sell, 12 more than last year. Sellers may cover closing costs or pay for a rate buydown.
  • Consider buying down your rate. On this example loan, a rate 0.5% lower saves about $145 a month.
  • Compare loan types. FHA rates are at 6.875% vs. 7.250% for conventional, with as little as 3.5% down. Compare by APR, including mortgage insurance.

Sacramento mortgage and home buying FAQs

What are mortgage rates in Sacramento today?

As of October 14, 2026, Lower’s 30-year fixed conventional rate in Sacramento is 7.250% (7.518% APR), and the 30-year FHA rate is 6.875% (7.728% APR). Your rate depends on your credit, down payment, loan type and any points you pay. See the rate table above for points and full details.

What is the monthly payment on a median-priced home in Sacramento?

On Sacramento’s $538,000 median home price (September 2026), a 30-year conventional loan with 20% down at 7.250% comes to about $3,441 a month, including principal, interest, estimated Sacramento property taxes, and estimated homeowners insurance. With an FHA loan and 3.5% down, it’s about $3,975 a month before monthly mortgage insurance.

How much income do I need to buy a house in Sacramento?

To keep housing costs at 28% of gross (pre-tax) income, you’d need a household income of about $147,464 a year to buy Sacramento’s $538,000 median home with 20% down, or about $170,358 with an FHA loan and 3.5% down. Lenders also consider your other debts, so the income you need may be higher or lower.

How much do I need for a down payment in Sacramento?

On the $538,000 median home, 20% down is $107,600, 5% down is $26,900, and the FHA minimum of 3.5% is $18,830. Putting less than 20% down usually means paying mortgage insurance. You’ll also need money for closing costs.

Is it a buyer’s or seller’s market in Sacramento right now?

In September 2026, Sacramento homes sold in about 55 days, 12 days slower than a year earlier. 2629 homes sold, up from 2162 the year before, and about 28% of the 2374 homes for sale have had a price cut. Slower sales and frequent price cuts generally give buyers more room to negotiate than a year ago.

How much does a quarter-point rate change affect payments in Sacramento?

On a $430,400 loan (the median Sacramento home with 20% down), each 0.25% change in rate moves the principal and interest payment by about $73 a month, or about $871 a year.

How much are property taxes in Sacramento?

Lower estimates Sacramento property taxes at about 0.80% of a home’s value per year. On the $538,000 median home, that’s roughly $4,304 a year, or $359 a month. Your actual bill depends on your assessed value and any exemptions.

Market data: Movoto, September 2026. Homeowners insurance estimates are based on average annual premiums in Sacramento from The Zebra; your quote will vary. Rates as of October 14, 2026. Examples only; not an offer of credit. Your rate and payment depend on your credit, down payment, loan type and other factors.

Find Out Why Sacramento Loves Lower

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Joe and his team went above and beyond to help us get our new home purchased. I wouldn't hesitate to recommend him to friends for the mortgage requirements.

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August 17, 2026

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It makes a difference when you've working with the realtor and finance guy for three years. Thanks for all of your help, we will not be strangers.

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August 24, 2026

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To be absolutely fair; our overall experience was not just with Lower. It included our interface with the Lender, which was in fact just ok. Our experience with Lower was excellent.

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September 11, 2026

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It's all with how he lets you know what's needed to better assist his Customers to ascertain thte they're seeeking. He's The Doc because he makes sure all is well from start to finish.

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July 25, 2026

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muchas gracias, por su ayuda fue increíble mi experiencia siempre estuvieron y respondieron todas mis dudas,mi familia y yo nos sentimos muy agradecidos de que Dios los puso en nuestro camino, jamás pensé que fuera así de fácil 100%…recomendada

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October 3, 2026

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Fred was extremely easy to communicate with and fast at providing explanation and answers to my questions . He made the process so easy and I am looking forward to working with him in the future

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September 21, 2026

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