{"slug":"1247-sherman-st-alameda-ca-94501","cityName":"Alameda","citySlug":"alameda","faqItems":[{"answer":"VA currently looks strongest because it balances property fit, closing certainty, and seller optics better than the other public examples.","question":"Which loan looks strongest for this property in Alameda?"},{"answer":"Conventional is possible only with meaningful caveats on this property. The county conforming limit used for context was $832,750.","question":"Can this home work with a conventional loan in Alameda County County?"},{"answer":"FHA is a conditional fit here and likely needs a different structure or more cash down. FHA becomes more fragile when listing condition or condo-project issues are present.","question":"Could this property work with FHA financing?"},{"answer":"VA can work, but the property introduces a few execution caveats. This report only addresses property-side fit; veteran eligibility still has to be confirmed separately.","question":"Could an eligible veteran use VA financing here?"},{"answer":"Jumbo can work, but the property introduces a few execution caveats. Jumbo becomes more relevant as the effective loan amount pushes past local conforming territory or into higher reserve requirements.","question":"When would jumbo financing make sense on this property?"}],"citations":[{"url":"https://www.redfin.com/CA/Alameda/1247-Sherman-St-94501/home/1811284","note":null,"type":"listing","label":"Listing source","source":"www.redfin.com","accessedAt":"2026-08-29T00:40:30.136Z"},{"url":null,"note":"30-year fixed purchase examples for strong, standard, and stretch public scenarios.","type":"pricing","label":"Pricing engine refresh","source":"SRK CAPITAL rate engine","accessedAt":"2026-08-29T00:40:37.259Z"},{"url":"https://srkloans.com/alameda-ca/alameda","note":"Median price, price per square foot, days on market, and active listings.","type":"market","label":"Local market context","source":"Alameda housing data","accessedAt":"2026-08-29T00:40:37.392Z"},{"url":null,"note":"Conforming limit $832,750 and FHA limit $832,750 for one-unit examples.","type":"guideline","label":"County loan limits","source":"Alameda County County limits","accessedAt":"2026-08-29T00:40:37.392Z"},{"url":"https://srkloans.com/alameda-ca/alameda/finance/1247-sherman-st-alameda-ca-94501/data.json","note":"JSON and CSV scenario tables support auditing, reuse, and tabular analysis for this report.","type":"dataset","label":"Machine-readable scenario exports","source":"Property Loan Fit supporting data","accessedAt":"2026-08-29T00:40:37.392Z"}],"riskFlags":[{"id":"high-balance-jumbo","title":"Conforming limit pressure","evidence":"The standard scenario loan amount is above the Alameda County County conforming limit of $832,750.","severity":"high","confidence":"high","recommendation":"Expect high-balance or jumbo pricing to matter on this property.","affectedPrograms":["conventional","jumbo"]},{"id":"fha-limit","title":"FHA loan limit constraint","evidence":"The stretch scenario loan amount is above the FHA county limit of $832,750.","severity":"high","confidence":"high","recommendation":"FHA may only work with a materially larger down payment or a lower negotiated price.","affectedPrograms":["fha"]},{"id":"luxury-positioning","title":"Luxury or jumbo positioning","evidence":"The standard scenario loan amount is near or above the jumbo-rate threshold of $1,000,000.","severity":"low","confidence":"high","recommendation":"Compare conforming high-balance versus jumbo execution carefully on this property.","affectedPrograms":["jumbo","conventional"]},{"id":"ai-historic-cottage-appraisal","title":"Complex historic-property valuation","evidence":"The listing describes a 3,886-square-foot, six-bedroom property as a “Stately Historic Manor” with a “Turn-Key Cottage,” sold for $2,500,000.","severity":"medium","confidence":"medium","recommendation":"Engage an appraiser experienced with historic Alameda homes and confirm the cottage’s permitted status and supported contributory value before final underwriting.","affectedPrograms":["conventional","fha","va","jumbo"]}],"countyName":"Alameda County","countySlug":"alameda-ca","assumptions":["Public scenarios only. This page is illustrative and is not a credit approval.","Taxes, insurance, and HOA estimates use local averages and public assumptions.","Property fit flags combine listing facts, listing language, and optional AI review when eligible media is available.","Third-party listing copy and images are not republished; the report uses derived facts and analysis."],"generatedAt":"2026-08-29T00:40:37.392Z","canonicalPath":"/alameda-ca/alameda/finance/1247-sherman-st-alameda-ca-94501","bestFitProgram":"va","programAnalyses":[{"caveats":["Expect high-balance or jumbo pricing to matter on this property.","Compare conforming high-balance versus jumbo execution carefully on this property.","Engage an appraiser experienced with historic Alameda homes and confirm the cottage’s permitted status and supported contributory value before final underwriting."],"program":"conventional","topCons":["PMI can make lower-down-payment scenarios expensive.","Credit and reserve requirements tend to be less forgiving than FHA."],"topPros":["Usually the cleanest mainstream offer structure for sellers.","No upfront mortgage insurance premium.","High-balance conforming can stay attractive in expensive California markets."],"isEligible":true,"riskFlagIds":["high-balance-jumbo","luxury-positioning","ai-historic-cottage-appraisal"],"programLabel":"Conventional","rateSnapshots":[{"apr":5.94,"rate":5.875,"points":1.8224000000000018,"available":true,"loanAmount":2000000,"scenarioId":"strong","cashToClose":538973,"creditScore":780,"estimatedHoa":0,"totalLoanCosts":38973,"downPaymentAmount":500000,"mortgageInsurance":0,"unavailableReason":null,"downPaymentPercent":20,"totalMonthlyPayment":14852,"principalAndInterest":11831,"estimatedTaxesAndInsurance":3021},{"apr":5.944,"rate":5.875,"points":1.9523999999999972,"available":true,"loanAmount":2250000,"scenarioId":"standard","cashToClose":296453,"creditScore":720,"estimatedHoa":0,"totalLoanCosts":46453,"downPaymentAmount":250000,"mortgageInsurance":900,"unavailableReason":null,"downPaymentPercent":10,"totalMonthlyPayment":17231,"principalAndInterest":13310,"estimatedTaxesAndInsurance":3021},{"apr":5.947,"rate":5.875,"points":2.0623999999999967,"available":true,"loanAmount":2375000,"scenarioId":"stretch","cashToClose":176506,"creditScore":680,"estimatedHoa":0,"totalLoanCosts":51506,"downPaymentAmount":125000,"mortgageInsurance":1286,"unavailableReason":null,"downPaymentPercent":5,"totalMonthlyPayment":18356,"principalAndInterest":14049,"estimatedTaxesAndInsurance":3021}],"propertyFitScore":46,"sellerAppealScore":64,"eligibilitySummary":"This property can plausibly work with Conventional under the public example scenarios.","featuredScenarioId":"standard","closingCertaintyScore":44},{"caveats":["This FHA example exceeds the current county loan limit for a 1-unit property.","FHA may only work with a materially larger down payment or a lower negotiated price.","Engage an appraiser experienced with historic Alameda homes and confirm the cottage’s permitted status and supported contributory value before final underwriting."],"program":"fha","topCons":["Property standards and appraisal conditions can slow or derail execution.","Upfront and monthly mortgage insurance increase total cost."],"topPros":["More forgiving credit and down-payment structure than most conventional options.","Useful when cash-to-close matters more than seller optics.","Well-suited to buyers who need a lower entry barrier."],"isEligible":false,"riskFlagIds":["fha-limit","ai-historic-cottage-appraisal"],"programLabel":"FHA","rateSnapshots":[{"apr":null,"rate":null,"points":null,"available":false,"loanAmount":2000000,"scenarioId":"strong","cashToClose":null,"creditScore":780,"estimatedHoa":0,"totalLoanCosts":null,"downPaymentAmount":500000,"mortgageInsurance":null,"unavailableReason":"This FHA example exceeds the current county loan limit for a 1-unit property.","downPaymentPercent":20,"totalMonthlyPayment":null,"principalAndInterest":null,"estimatedTaxesAndInsurance":0},{"apr":null,"rate":null,"points":null,"available":false,"loanAmount":2250000,"scenarioId":"standard","cashToClose":null,"creditScore":720,"estimatedHoa":0,"totalLoanCosts":null,"downPaymentAmount":250000,"mortgageInsurance":null,"unavailableReason":"This FHA example exceeds the current county loan limit for a 1-unit property.","downPaymentPercent":10,"totalMonthlyPayment":null,"principalAndInterest":null,"estimatedTaxesAndInsurance":0},{"apr":null,"rate":null,"points":null,"available":false,"loanAmount":2412500,"scenarioId":"stretch","cashToClose":null,"creditScore":680,"estimatedHoa":0,"totalLoanCosts":null,"downPaymentAmount":87500,"mortgageInsurance":null,"unavailableReason":"This FHA example exceeds the current county loan limit for a 1-unit property.","downPaymentPercent":3.5,"totalMonthlyPayment":null,"principalAndInterest":null,"estimatedTaxesAndInsurance":0}],"propertyFitScore":57,"sellerAppealScore":50,"eligibilitySummary":"This property does not cleanly fit FHA under the current public example scenarios.","featuredScenarioId":"strong","closingCertaintyScore":53},{"caveats":["Engage an appraiser experienced with historic Alameda homes and confirm the cottage’s permitted status and supported contributory value before final underwriting."],"program":"va","topCons":["Only relevant if the borrower has usable VA eligibility.","VA appraisal timelines and seller perceptions can matter in competitive markets."],"topPros":["No monthly PMI and potentially no down payment for eligible borrowers.","Strong payment efficiency relative to cash needed up front.","Can outperform conventional when veteran eligibility applies."],"isEligible":true,"riskFlagIds":["ai-historic-cottage-appraisal"],"programLabel":"VA","rateSnapshots":[{"apr":5.439,"rate":5.375,"points":1.8050000000000068,"available":true,"loanAmount":2000000,"scenarioId":"strong","cashToClose":538625,"creditScore":780,"estimatedHoa":0,"totalLoanCosts":38625,"downPaymentAmount":500000,"mortgageInsurance":0,"unavailableReason":null,"downPaymentPercent":20,"totalMonthlyPayment":14220,"principalAndInterest":11199,"estimatedTaxesAndInsurance":3021},{"apr":5.439,"rate":5.375,"points":1.8050000000000068,"available":true,"loanAmount":2250000,"scenarioId":"standard","cashToClose":293137,"creditScore":720,"estimatedHoa":0,"totalLoanCosts":43137,"downPaymentAmount":250000,"mortgageInsurance":0,"unavailableReason":null,"downPaymentPercent":10,"totalMonthlyPayment":15620,"principalAndInterest":12599,"estimatedTaxesAndInsurance":3021},{"apr":5.439,"rate":5.375,"points":1.8050000000000068,"available":true,"loanAmount":2500000,"scenarioId":"stretch","cashToClose":47650,"creditScore":680,"estimatedHoa":0,"totalLoanCosts":47650,"downPaymentAmount":0,"mortgageInsurance":0,"unavailableReason":null,"downPaymentPercent":0,"totalMonthlyPayment":17020,"principalAndInterest":13999,"estimatedTaxesAndInsurance":3021}],"propertyFitScore":74,"sellerAppealScore":66,"eligibilitySummary":"This property can plausibly work with VA under the public example scenarios.","featuredScenarioId":"standard","closingCertaintyScore":70},{"caveats":["Expect high-balance or jumbo pricing to matter on this property.","Compare conforming high-balance versus jumbo execution carefully on this property.","Engage an appraiser experienced with historic Alameda homes and confirm the cottage’s permitted status and supported contributory value before final underwriting."],"program":"jumbo","topCons":["Reserve, documentation, and appraisal scrutiny are usually tighter.","Not relevant unless the effective loan amount is large enough."],"topPros":["Designed for properties or loan amounts beyond conforming territory.","Can preserve leverage on higher-priced California homes.","Seller optics are usually strong when borrower reserves are deep."],"isEligible":true,"riskFlagIds":["high-balance-jumbo","luxury-positioning","ai-historic-cottage-appraisal"],"programLabel":"Jumbo","rateSnapshots":[{"apr":5.56,"rate":5.5,"points":1.6882999999999981,"available":true,"loanAmount":2000000,"scenarioId":"strong","cashToClose":536290,"creditScore":780,"estimatedHoa":0,"totalLoanCosts":36290,"downPaymentAmount":500000,"mortgageInsurance":0,"unavailableReason":null,"downPaymentPercent":20,"totalMonthlyPayment":14377,"principalAndInterest":11356,"estimatedTaxesAndInsurance":3021},{"apr":5.56,"rate":5.5,"points":1.6882999999999981,"available":true,"loanAmount":2250000,"scenarioId":"standard","cashToClose":290511,"creditScore":720,"estimatedHoa":0,"totalLoanCosts":40511,"downPaymentAmount":250000,"mortgageInsurance":0,"unavailableReason":null,"downPaymentPercent":10,"totalMonthlyPayment":15796,"principalAndInterest":12775,"estimatedTaxesAndInsurance":3021},{"apr":5.56,"rate":5.5,"points":1.6882999999999981,"available":true,"loanAmount":2125000,"scenarioId":"stretch","cashToClose":413401,"creditScore":680,"estimatedHoa":0,"totalLoanCosts":38401,"downPaymentAmount":375000,"mortgageInsurance":0,"unavailableReason":null,"downPaymentPercent":15,"totalMonthlyPayment":15087,"principalAndInterest":12066,"estimatedTaxesAndInsurance":3021}],"propertyFitScore":68,"sellerAppealScore":66,"eligibilitySummary":"This property can plausibly work with Jumbo under the public example scenarios.","featuredScenarioId":"standard","closingCertaintyScore":60}],"propertySummary":{"beds":null,"city":"Alameda","baths":null,"state":"CA","zipCode":"94501","headline":"1247 Sherman St","fetchedAt":"2026-08-29T00:40:30.136Z","mediaUrls":[],"sourceUrl":"https://www.redfin.com/CA/Alameda/1247-Sherman-St-94501/home/1811284","unitCount":1,"parseNotes":[],"sourceHint":"redfin","squareFeet":3886,"askingPrice":2500000,"parseStatus":"full","propertyType":"single_family","sourceDomain":"www.redfin.com","streetAddress":"1247 Sherman St","mediaUsageAllowed":false,"normalizedAddress":"1247 Sherman St, Alameda, CA 94501","listingDescription":"(bridgeMLS, Bay East AOR, or Contra Costa AOR) Sold: 6 beds, 3.5 baths, 3886 sq. ft. house located at 1247 Sherman St, Alameda, CA 94501 sold for $2,500,000 on Feb 6, 2026. MLS# 41118476. Stately Historic Manor with Charming Turn-Key Cottage S...","manualPriceProvided":false},"scenarioPresets":[{"id":"strong","label":"Strong buyer example","creditScore":780,"description":"Illustrative buyer profile with 20% down and strong credit.","isIllustrative":true,"targetDownPaymentPercent":20},{"id":"standard","label":"Standard buyer example","creditScore":720,"description":"Illustrative buyer profile with 10% down and solid credit.","isIllustrative":true,"targetDownPaymentPercent":10},{"id":"stretch","label":"Stretch buyer example","creditScore":680,"description":"Illustrative buyer profile using the minimum practical down payment by program.","isIllustrative":true,"targetDownPaymentPercent":null}],"pricingFetchedAt":"2026-08-29T00:40:37.259Z","localMarketContext":{"hoaAverage":null,"medianPrice":null,"daysOnMarket":null,"fhaLoanLimit":832750,"pricePerSqFt":null,"activeListings":null,"propertyTaxRate":0.011,"conformingLoanLimit":832750},"bestFitProgramLabel":"VA","marketDataFetchedAt":"2026-08-29T00:40:37.392Z"}