Down Payment by City

How Much Is a Down Payment on a House in Long Beach?

Updated November 1, 2026

By Vinura Abeysundara

Head of Growth at TurboHome

Reviewed by:

Vinura Abeysundara

Head of Growth at TurboHome

Kevin Kretzmer

Head Agent, California · CalDRE #01997822

A 20% down payment on the median Long Beach home is $174,000, based on 1,130 Long Beach homes that closed between May 1 and October 31, 2026 at a median price of $870,000. Most buyers put down less: an FHA loan at 3.5% down needs $30,450, a 5% conventional loan needs $43,500 and 10% down is $87,000. The median home fits inside the $1,249,125 Los Angeles County FHA limit, and 81.3% of all Long Beach sales in the period were FHA-eligible at 3.5% down.

TurboHome Market Analysis · Long Beach, California · Sales closed from May 1, 2026 to October 31, 2026

Key findings

On the median Long Beach home ($870,000), the down payment ranges from $30,450 at 3.5% (FHA) to $174,000 at 20%.
Home type changes the number more than anything else: 10% down is $104,000 on the median single family home ($1,040,000) and $53,500 on the median condo or townhome ($535,000).
81.3% of Long Beach sales were priced within the $1,249,125 Los Angeles County FHA limit at 3.5% down, and 10.3% needed a jumbo loan even with 20% down (2026 conforming limit $1,249,125).
How Long Beach buyers actually paid: 49.9% conventional, 22.2% cash, 8.4% FHA and 3.5% VA, based on the 95.5% of closings that record a financing type.
The Long Beach median rose 3.6% year over year in our MLS feed ($840,000 to $870,000), which moved a 20% down payment by about $6,000.

Down payment on the median Long Beach home

The table uses the $870,000 median sale price for Long Beach homes that closed between May 1 and October 31, 2026 (single family homes, condos and townhomes). Monthly principal and interest is estimated at the Freddie Mac average 30-year fixed rate of 7.24% for the week of October 29, 2026; mortgage insurance, property taxes, homeowners insurance and HOA dues come on top.

Down payment. Every figure is in the table below.

Down payment on the median Long Beach home, data table
Down payment option	Down payment	Loan amount	Loan type at this price	Est. monthly principal and interest
3.5% down (FHA minimum)	$30,450	$839,550	Within FHA limit	$5,722
5% down (conventional minimum)	$43,500	$826,500	Conforming	$5,633
10% down	$87,000	$783,000	Conforming	$5,336
20% down (no mortgage insurance)	$174,000	$696,000	Conforming	$4,743

Putting 20% down instead of 3.5% on the median Long Beach home cuts the monthly principal and interest by about $978 and avoids mortgage insurance, but it takes $143,550 more cash at closing. Closing costs typically add another 2% to 3% of the price on top of any option in the table.

Down payment by home type in Long Beach

Single family homes and condos sell at very different prices in Long Beach, so the home type you target sets your savings goal.

Down payment by home type in Long Beach, data table
Home type	Sales (6 mo)	Median sale price	3.5% down	5% down	10% down	20% down
Single family home	731	$1,040,000	$36,400	$52,000	$104,000	$208,000
Condo or townhome	399	$535,000	$18,725	$26,750	$53,500	$107,000
All homes	1,130	$870,000	$30,450	$43,500	$87,000	$174,000

Entry level, median and upper tier in Long Beach

One in four Long Beach homes sold for $625,000 or less (the 25th percentile), and one in four sold for $1,178,750 or more. The entry tier is usually the better target for a first-time buyer's down payment plan.

Entry level, median and upper tier in Long Beach, data table
Price tier	Sale price	3.5% down	5% down	10% down	20% down	Loan at 10% down
Entry level (25th percentile)	$625,000	$21,875	$31,250	$62,500	$125,000	$562,500 (conforming)
Median	$870,000	$30,450	$43,500	$87,000	$174,000	$783,000 (conforming)
Upper tier (75th percentile)	$1,178,750	$41,256	$58,938	$117,875	$235,750	$1,060,875 (conforming)

2026 loan limits in Los Angeles County and what they mean for your down payment

2026 loan limits in Los Angeles County and what they mean for your down payment, data table
Limit (one unit, 2026)	Amount	Max purchase price at minimum down	Share of sales within limit
FHA loan limit, Los Angeles County	$1,249,125	$1,294,430 at 3.5% down	81.3%
Conforming loan limit, Los Angeles County	$1,249,125	$1,314,868 at 5% down	83.1%
Jumbo needed even at 20% down	above $1,249,125 loan	above $1,561,406 price	10.3% of sales

Los Angeles County is a high-cost area, so both the FHA and conforming limits sit at the national ceiling of $1,249,125 for 2026. FHA loans allow 3.5% down with a 580 or higher credit score but carry an upfront premium of 1.75% of the loan and monthly mortgage insurance for the life of the loan at less than 10% down. Conventional loans allow 3% to 5% down for first-time buyers with private mortgage insurance that drops off at 20% equity. Jumbo loans above the conforming limit usually require 10% to 20% down and higher reserves. Limits are from the FHFA and HUD announcements for 2026 (fhfa.gov, hud.gov).

How Long Beach buyers actually paid

Of the Long Beach closings in the period, 95.5% record the buyer's financing type in the MLS. Among those:

Share of closings. Every figure is in the table below.

How Long Beach buyers actually paid, data table
Financing type	Share of closings	Median sale price for this type	Minimum down payment
Conventional	49.9%	$900,000	3% to 5%
Cash	22.2%	$904,500	100%
FHA	8.4%	$715,000	3.5%
VA	3.5%	not calculated	0%

FHA buyers in Long Beach bought at a median $715,000, against $900,000 for conventional buyers, so the low-down-payment route is concentrated in the lower half of the market.

Nationally, first-time buyers put down a median 10% and repeat buyers 23% according to the NAR 2025 Profile of Home Buyers and Sellers (nar.realtor), and Redfin found the typical buyer put down 15%, or about $64,000, in March 2026 (redfin.com).

Where a down payment goes furthest in Long Beach

These are the three lowest-median neighborhoods in Long Beach with at least 15 closings in the period, out of 24 that qualified. Entry prices come with trade-offs: older buildings, higher HOA dues or longer commutes.

Where a down payment goes furthest in Long Beach, data table
Neighborhood	Sales (6 mo)	Median sale price	3.5% down	5% down	10% down
East Village	29	$395,000	$13,825	$19,750	$39,500
West Village	27	$470,000	$16,450	$23,500	$47,000
Franklin	35	$494,000	$17,290	$24,700	$49,400
Citywide median	1,130	$870,000	$30,450	$43,500	$87,000
Park Estates (highest median)	18	$2,057,500	$72,012	$102,875	$205,750

Local notes for Long Beach buyers

Long Beach is the most affordable coastal city in Los Angeles County, with a median of $870,000 and 81.3% of homes priced within reach of an FHA loan at 3.5% down. The condo market downtown is the entry point: East Village and West Village units closed at $395,000 and $470,000 medians, so a 5% down payment there is under $24,000, though many of those buildings have HOA dues and a few are not warrantable for conventional loans. Single family homes in Bixby Knolls, Lakewood Village and Los Altos run near the $1,040,000 detached median, where 10% down is $104,000. FHA financing covered 8.4% of recorded sales and VA 3.5%, higher than most of coastal California, and 22.2% of buyers paid cash. With 38.5% of sales closing above asking, a well-prepared FHA buyer can still win in Long Beach, especially on condos.

California down payment assistance for Long Beach buyers

CalHFA's MyHome Assistance Program is a deferred-payment junior loan of up to 3.5% of the purchase price or appraised value (whichever is lower) when paired with a CalHFA FHA first mortgage, or up to 3% with a CalHFA conventional first mortgage, usable for the down payment and closing costs (calhfa.ca.gov). On the median Long Beach home ($870,000), that is up to $30,450 with an FHA loan, which covers the entire 3.5% minimum, or up to $26,100 with a conventional loan. MyHome requires the borrower to be a first-time buyer under CalHFA's income limits, which vary by county, and the first mortgage must stay within the county loan limit of $1,249,125, so it applies to homes priced up to about $1,294,430 with an FHA loan. CalHFA's Dream For All shared-appreciation loan reopens in limited rounds, and several cities and counties run their own programs; your TurboHome agent can check which ones apply to a specific address.

Methodology

TurboHome analyzed 1,130 Long Beach, California home sales recorded in the MLS with a close date between May 1 and October 31, 2026 and a sale price above $50,000. Single family homes, condominiums and townhouses are included; land, mobile and manufactured homes, multifamily and timeshares are excluded. Down payments are calculated as a straight percentage of the sale price and rounded to the nearest dollar; lender overlays, seller credits and closing costs are not included. FHA eligibility is the share of sales where the price less a 3.5% down payment is at or below the 2026 Los Angeles County FHA one-unit limit of $1,249,125; the conforming test uses a 5% down payment against the 2026 conforming limit of $1,249,125; the jumbo test uses a 20% down payment against the same limit. Loan limits are from the FHFA announcement of November 25, 2025 and HUD's 2026 FHA limits effective January 1, 2026. The financing mix counts only closings where the MLS records a single buyer financing type; multi-value entries and blanks are excluded, and the mix is omitted where fewer than 80% of closings have a recorded type. Neighborhood medians use the MLS neighborhood field and require at least 15 closings (Sacramento uses ZIP codes with at least 8 closings because of thinner feed coverage). Monthly payment estimates use the Freddie Mac Primary Mortgage Market Survey 30-year fixed average of 7.24% for the week of October 29, 2026 (freddiemac.com/pmms), principal and interest only. Year-over-year comparisons use the same method for May 1 to October 31, 2025 and are shown only where the prior period has at least 100 closings in our feed.

Frequently asked questions

How much is a down payment on a house in Long Beach?

On the median Long Beach home, which sold for $870,000 between May 1 and October 31, 2026, a down payment is $30,450 at 3.5% (FHA), $43,500 at 5%, $87,000 at 10% and $174,000 at 20%. One in four homes sold for $625,000 or less, where 5% down is $31,250.

What is the minimum down payment for a house in Long Beach?

FHA loans allow 3.5% down, which is $30,450 on the median Long Beach home, as long as the loan stays under the $1,249,125 Los Angeles County limit; 81.3% of Long Beach sales in the period qualified. Conventional loans allow 3% to 5% down for first-time buyers, and VA loans require no down payment for eligible veterans and service members.

Do I need 20% down to buy a house in Long Beach?

No. 22.2% of recorded Long Beach closings were all-cash and FHA plus VA loans covered 11.9%; the remaining 65.9% were conventional or other loans, many of them with less than 20% down and private mortgage insurance. Nationally, first-time buyers put down a median 10%. Putting 20% down ($174,000 on the median home) avoids mortgage insurance and lowers the payment by about $978 a month compared with 3.5% down.

Is Long Beach a jumbo loan market?

Mostly not. Only 10.3% of Long Beach homes sold for more than $1,561,406, the price at which a 20% down payment still leaves a loan above the $1,249,125 conforming limit. 83.1% of sales fit a conforming loan at just 5% down.

Is there down payment assistance in Long Beach?

Yes. CalHFA's MyHome program offers a deferred junior loan of up to 3.5% of the price with a CalHFA FHA loan ($30,450 on the median Long Beach home) or 3% with a conventional loan, subject to first-time buyer status, income limits and the $1,249,125 county loan limit. Local city and county programs may stack on top.

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