Mortgage Rates in Garden Grove, California — March 2026
Updated March 2026 | Based on Garden Grove market data and regional lending conditions
Garden Grove is a growing city in California with a population of 172,646. The current 30-year fixed mortgage rate in Garden Grove is 6.55%, which is 0.1% below the national average. With a median home price of $815,000 and a 20% down payment of $163,000, homebuyers can expect a monthly principal and interest payment of approximately $4,143.
Current Mortgage Rates in Garden Grove, CA
Below are the current average mortgage rates available in the Garden Grove 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 | 6.55% | 6.65% | -0.1% |
| 15-Year Fixed | 5.79% | 5.89% | -0.1% |
| 5/1 ARM | 6.05% | 6.15% | -0.1% |
| FHA | 6.15% | 6.25% | -0.1% |
| VA | 5.95% | 6.05% | -0.1% |
| Jumbo | 6.75% | 6.85% | -0.1% |
Garden Grove Housing Market Overview
The Garden Grove housing market is competitive with prices well above the national median. The median household income in Garden Grove is $70,250, and the cost of living index is 142.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $199,671 to comfortably afford the median-priced home in Garden Grove, which exceeds the current median household income.
Monthly Payment Breakdown for Garden Grove
Based on the median home price of $815,000 with 20% down ($163,000), here is what you can expect to pay monthly in Garden Grove:
15-Year vs. 30-Year Mortgage in Garden Grove
Choosing a 15-year mortgage in Garden Grove at 5.79% instead of a 30-year at 6.55% would save you $514,440 in total interest over the life of the loan. However, your monthly payment would be $5,428 instead of $4,143 — an increase of $1,285 per month.
Calculate Your Garden Grove 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 Garden Grove
What are the current mortgage rates in Garden Grove, CA?
As of March 2026, the average 30-year fixed mortgage rate in Garden Grove, California is 6.55%, while the 15-year fixed rate is 5.79%. FHA loans average 6.15% and VA loans 5.95%. These rates are 0.1% below the national average of 6.65%.
How much is a monthly mortgage payment in Garden Grove?
Based on the median home price of $815,000 with 20% down, the estimated monthly mortgage payment in Garden Grove is $4,143 for principal and interest. Including property taxes of $516/month, the total monthly housing cost is approximately $4,659.
What income do I need to buy a home in Garden Grove?
Using the 28% rule, you would need an annual income of approximately $199,671 to afford the median-priced home in Garden Grove at $815,000. The median household income in Garden Grove is $70,250. This means most households would need to either earn above the median or consider homes below $815,000.
Is Garden Grove a good place to buy a home in 2026?
Garden Grove has a higher cost of living than average with a cost of living index of 142.5 (national average = 100). The property tax rate in California is 0.76%, which is below the national average. Garden Grove has a population of 172,646 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 Garden Grove, California area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.