Mortgage Rates in Folsom, California — March 2026
Updated March 2026 | Based on Folsom market data and regional lending conditions
Folsom is a growing city in California with a population of 82,590. The current 30-year fixed mortgage rate in Folsom is 6.72%, which is 0.07% above the national average. With a median home price of $754,000 and a 20% down payment of $150,800, homebuyers can expect a monthly principal and interest payment of approximately $3,900.
Current Mortgage Rates in Folsom, CA
Below are the current average mortgage rates available in the Folsom 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 | 6.72% | 6.65% | +0.07% |
| 15-Year Fixed | 5.96% | 5.89% | +0.07% |
| 5/1 ARM | 6.23% | 6.15% | +0.08% |
| FHA | 6.48% | 6.25% | +0.23% |
| VA | 6.23% | 6.05% | +0.18% |
| Jumbo | 6.97% | 6.85% | +0.12% |
Folsom Housing Market Overview
The Folsom housing market is competitive with prices well above the national median. The median household income in Folsom is $70,500, and the cost of living index is 143.7 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $187,329 to comfortably afford the median-priced home in Folsom, which exceeds the current median household income.
Monthly Payment Breakdown for Folsom
Based on the median home price of $754,000 with 20% down ($150,800), here is what you can expect to pay monthly in Folsom:
15-Year vs. 30-Year Mortgage in Folsom
Choosing a 15-year mortgage in Folsom at 5.96% instead of a 30-year at 6.72% would save you $490,140 in total interest over the life of the loan. However, your monthly payment would be $5,077 instead of $3,900 — an increase of $1,177 per month.
Calculate Your Folsom Mortgage Payment
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Open Free CalculatorFrequently Asked Questions About Mortgages in Folsom
What are the current mortgage rates in Folsom, CA?
As of March 2026, the average 30-year fixed mortgage rate in Folsom, California is 6.72%, while the 15-year fixed rate is 5.96%. FHA loans average 6.48% and VA loans 6.23%. These rates are 0.07% above the national average of 6.65%.
How much is a monthly mortgage payment in Folsom?
Based on the median home price of $754,000 with 20% down, the estimated monthly mortgage payment in Folsom is $3,900 for principal and interest. Including property taxes of $471/month, the total monthly housing cost is approximately $4,371.
What income do I need to buy a home in Folsom?
Using the 28% rule, you would need an annual income of approximately $187,329 to afford the median-priced home in Folsom at $754,000. The median household income in Folsom is $70,500. This means most households would need to either earn above the median or consider homes below $754,000.
Is Folsom a good place to buy a home in 2026?
Folsom has a higher cost of living than average with a cost of living index of 143.7 (national average = 100). The property tax rate in California is 0.75%, which is below the national average. Folsom has a population of 82,590 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 Folsom, California area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.