Buying a home in Turlock is more than a lifestyle decision; it is a significant financial commitment. With cost-effective housing options and shifting mortgage rates, now may be the perfect time to explore homes for sale in Turlock. This city is known for its calm atmosphere and neighbourhood-friendly environment, making it one of the most welcoming places in California’s Central Valley. Turlock also offers new growth opportunities in jobs, education, and lifestyle.
So, is it a good time to buy a home in Turlock? The answer depends on the current mortgage rates. Stay connected to get the latest updates on the current mortgage rate.
Understanding Mortgage Rate
When buying or refinancing a home, the mortgage rate is one of the most important factors to consider. Mortgage rate is more than just a percentage. Your monthly loan repayments are directly influenced by the current mortgage rate. It is an interest charged by lenders on the loan that you take to buy a home. In other words, you have to pay in addition to the total amount of the home’s purchase price. Several key factors influence your mortgage rate:
- Credit score
- Loan type
- Loan term
- Down payment
- Market Condition
Turlock- An Emerging City In California
Turlock, located in Stanislaus County, is a beautiful city known for its natural surroundings and its growing appeal among buyers. This city is offering the most cost-effective housing options in California. Turlock has become a hotspot for those seeking affordable yet high-quality living.
With a population of 72,740 & continuously increasing. The city maintains a friendly environment where families can easily live. All the home locations are proximate to key areas like parks, schools, hospitals, and more. Turlock has become the most demanding housing location in California. Reasons to buy a home in Turlock:
- Strong Community Feel
- Growing Economy
- Access to nature
- Central location
- Low crime rates
- Community Services & Amenities
Real Estate & Housing Trends in Turlock, CA
Exciting news for homebuyers is that Turlock home prices have decreased 1.9% compared to last year. It is a great opportunity to buy a home in Turlock. Here’s a snapshot of the current real estate and housing trends of Turlock, CA.
- Median listing Home Price: $520,000
- Median Listing Home Price/sq. Ft: $305,000
- Median Sold Home Price: $510,000
- Median Days on market: 36 days
- Average home selling days: 12 days
These trends suggest that while homes are staying on the market for just over a month on average, well-priced properties are selling much faster, within about 12 days. With competitive pricing and favorable market conditions, Turlock presents a promising opportunity for both buyers and investors.
Current Mortgage Rate Turlock, CA
As of 12 June 2025, we are sharing the Current Mortgage Rate in Turlock from Realtor and Zillow.
30-year Fixed
According to Realtor, the current mortgage rate for a 30-year fixed loan is 6.82% on 12 June, which was 6.86% % on 10 June. It decreases by 4 points.
15-Year Fixed
The mortgage rate of a 15-year fixed loan on 12 June is 5.83%. It decreased by 3 points from 5.86% on 10 June.
5-Year Fixed
For a 5-year Fixed loan, the current mortgage rate on 12 June is 6.90% & it decreased by 4 points, to 6.94% on 10 June.
Essential Tips to Get a Low Mortgage Rate
If you are also planning to buy a home or want to get the lowest mortgage rate, then you have to follow some essential tips. Here’s what you need to know:
Boosts your credit score
A credit score matters a lot for lenders on which basis they decide your mortgage rate. If your credit score is higher, then it builds trust with lenders that you are responsible and will never miss any loan payment, which can help you qualify for better rates. A Credit Score for homebuyers should be 700 or more. Some ways to improve your credit score:
- Pay bills on time
- Don’t max out your credit cards
- Check your credit report for errors
- Avoid applying new credit card
Save a bigger Down payment
Down payment means the payment that we pay at the time of buying of home. To get a low mortgage loan, you should save more down payment because the more you pay, the less you have to borrow. The ideal down payment is 20% for homebuyers.
Shop Around & Compare Lenders
Don’t commit to a mortgage lender without comparing your options because rates & fees may vary among different lenders. You should compare:
- Interest rate
- Annual Percentage Rate (APR)
- Closing Costs
- Loan Options and Flexibility
Lock your rate quickly
Once you find a low and good rate that fits your budget, then lock it in as soon as possible. Mortgage rates may change multiple times in a day & sometimes it can rise to a high level. After locking the rate, you can easily buy the home at the lowest mortgage rate.
Consider Government-Backed Loans
If you are eligible for government-backed loans such as VA, FHA & many more, then you should consider these loans. Government-backed loans require a very low down payment or no down payment & also the mortgage rate is also low.
Conclusion
Turlock is rapidly emerging as one of the most attractive and affordable places to live in California. With its well-planned infrastructure, growing economy, and access to key amenities, it offers a great quality of life for families, professionals, and retirees alike.
If you’re planning to buy a home on a budget, it’s essential to secure the lowest possible mortgage rate by improving your credit score, saving for a bigger down payment, comparing lenders, and considering government-backed loan options.
Turlock is truly becoming a hotspot for homebuyers looking for affordability without compromising on lifestyle. For personalized advice and assistance, feel free to reach out to Reliance Financial. We are here to help you every step of the way.
FAQ for Current Mortgage Rates, Turlock CA
Q. Which Mortgage loan has no down payment?
Answer: Here are two major mortgage loans that offer no down payment:
- VA Veterans Affairs) Loans
- USDA (U.S. Department of Agriculture) Loans
Q. How to lock in a Mortgage rate?
Answer: When you get the best mortgage rate, then you just have to say lock to your lender. After closing/locking, your interest rate will not be changed even mortgage rate changes.
Q. How many types of Mortgage loans are available in Turlock?
Answer: Some primary mortgage loans are important for homebuyers. Let’s see:
- Conventional mortgage
- Government-backed loans
- Adjustable Mortgage Rates
- Fixed Mortgage Rates
Q. Which mortgage Loan is suitable for long-term plans?
Answer: If you want to buy a home for long-term purposes, then you should get a mortgage loan of 30-year fixed mortgage, 15 fixed year & a VA loan. These three loans are most beneficial for long-term planning. These loans promote stability & save more interest.
