Mortgage Rates in San Jose, California — April 2026
Updated April 2026 | Based on San Jose market data and regional lending conditions
As one of California's largest cities with 1,013,240 residents, San Jose has a well-established mortgage lending market. The current 30-year fixed rate here is 6.55% (0.46% above the national average). The median home price of $1,350,000 translates to roughly $7,717/month with 20% down — requiring an income of about $330,729, which exceeds the local median of $117,324.
Whether you call it a 30-year mortgage, 30-year home loan, 30-year house loan, or 30-year mortgage loan, the underlying product is the same: a fixed-rate amortizing loan paid over 360 months. In San Jose, CA, the current 30-year rate is 6.55%. Shorter terms (15-year fixed at 5.79% or 20-year fixed, typically priced between the 15- and 30-year) reduce total interest paid but increase monthly payments — see our 15-year vs 30-year comparison for the math. Government-backed options include FHA loans (6.15%) and VA loans (5.95%), often available at lower rates with reduced down payment requirements.
Current Mortgage Rates in San Jose, CA
Below are the current average mortgage rates available in the San Jose area as of April 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% | 6.09% | +0.46% |
| 15-Year Fixed | 5.79% | 5.58% | +0.21% |
| 5/1 ARM | 6.05% | 5.95% | +0.1% |
| FHA | 6.15% | 5.85% | +0.3% |
| VA | 5.95% | 5.65% | +0.3% |
| Jumbo | 6.75% | 6.25% | +0.5% |
San Jose Housing Market Overview
San Jose's housing market is competitive — median prices of $1,350,000 put it well above the national median of ~$400,000. Buyers here face higher barriers to entry, but the local economy (median household income: $117,324) may not fully support current asking prices.
Monthly Payment Breakdown for San Jose
Based on the median home price of $1,350,000 with 20% down ($270,000), here is what you can expect to pay monthly in San Jose:
15-Year vs. 30-Year Mortgage in San Jose
Choosing a 15-year mortgage in San Jose at 5.79% instead of a 30-year at 6.55% would save you $851,760 in total interest over the life of the loan. However, your monthly payment would be $8,992 instead of $6,862 — an increase of $2,130 per month.
Calculate Your San Jose 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 Jose
What are the current mortgage rates in San Jose, CA?
As of April 2026, the average 30-year fixed mortgage rate in San Jose, 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 0.46% above the national average of 6.09%.
How much is a monthly mortgage payment in San Jose?
Based on the median home price of $1,350,000 with 20% down, the estimated monthly mortgage payment in San Jose is $6,862 for principal and interest. Including property taxes of $855/month, the total monthly housing cost is approximately $7,717.
What income do I need to buy a home in San Jose?
Using the 28% rule, you would need an annual income of approximately $330,729 to afford the median-priced home in San Jose at $1,350,000. The median household income in San Jose is $117,324. This means most households would need to either earn above the median or consider homes below $1,350,000.
Is San Jose a good place to buy a home in 2026?
San Jose has a higher cost of living than average with a cost of living index of 214.1 (national average = 100). The property tax rate in California is 0.76%, which is below the national average. As a major city with 1,013,240 residents, San Jose offers diverse employment opportunities and amenities.
Mortgage Rates by ZIP Code in San Jose, CA
Explore mortgage rates for specific ZIP codes in the San Jose area. Rates can vary by neighborhood based on local property values and lending competition.
Mortgage Rates in Other California Cities
Related Tools & Guides
📊 Sources & Methodology
- 30-yr/15-yr fixed rates: Freddie Mac Primary Mortgage Market Survey (PMMS), weekly national average adjusted for California regional spread.
- Median home price: $1,350,000 sourced from Redfin / Zillow real estate listings (2026 data).
- Property tax rate: 0.76% effective rate per Tax Foundation 2026 state property tax data.
- Median household income: $117,324 per US Census Bureau ACS 5-year estimate.
- Calculations: standard amortization formula M = P[r(1+r)^n] / [(1+r)^n − 1], with r = monthly rate, n = 360 months, P = loan amount (80% of home price).
Last updated: April 2026. Rates are approximate averages based on regional lending data for the San Jose, California area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.