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San Bernardino's market is moving fast. At 5.49%, a $750,000 FHA loan on a $777,202 purchase runs $4,254 monthly for principal and interest alone. That's the real number buyers face here right now.
The county's median household income of $82,184 stretches to cover homes in the $700K–$800K range with FHA financing. That income level qualifies for loans well above the conforming limit in this market.
5.49%
Interest Rate
$4,254
Monthly P&I
580
Min FICO
3.5%
Min Down
$750,000
Loan Amount
FHA Loans in San Bernardino
FHA loans in San Bernardino start at 580 FICO and 3.5% down. The scenario here shows 740 FICO with $27,202 down (3.5%) on a $777,202 purchase. You don't need perfect credit, but lenders do verify income and employment carefully.
At the county's median household income of $82,184, a buyer qualifies for roughly $750,000 in FHA financing. That covers most homes in San Bernardino's current market. Debt-to-income limits run 43–50% depending on the lender.
Local decision guide
Use this guide to connect fha loans eligibility, lender expectations, and local market factors before comparing payment options in San Bernardino.
San Bernardino's market is moving fast. At 5.49%, a $750,000 FHA loan on a $777,202 purchase runs $4,254 monthly for principal and interest alone. That's the real number buyers face here right now.
The county's median household income of $82,184 stretches to cover homes in the $700K–$800K range with FHA financing. That income level qualifies for loans well above the conforming limit in this market.
FHA loans in San Bernardino start at 580 FICO and 3.5% down. The scenario here shows 740 FICO with $27,202 down (3.5%) on a $777,202 purchase. You don't need perfect credit, but lenders do verify income and employment carefully.
California's FHA market is competitive. Retail banks, credit unions, and mortgage brokers all offer FHA 30-year fixed loans. Rates vary slightly by lender, but the spread is usually 0.125–0.25% depending on credit and down payment.
Closing timelines run 30–45 days for FHA loans in California. Appraisals take longer because FHA has stricter property standards. Lenders verify employment and income more thoroughly than with conventional loans, so gather documents early.
FHA makes sense in San Bernardino when you have solid income but limited down-payment savings. At 96.5% LTV, the mortgage insurance cost is real—it runs for the life of the loan.
FHA doesn't pencil above $750,000 in this market because the conforming limit sits at $832,750. Jumbo loans start there, and jumbo rates run higher. If you're buying a $777K home, FHA is the right tool. If you're above $850K, conventional jumbo is cheaper.
Conventional loans at 20% down carry no mortgage insurance and no rate penalty. But they require $155,440 down on a $777K purchase. FHA requires only $27,202 down and a 5.49% rate. The tradeoff: lifetime mortgage insurance.
If you have the down payment, conventional saves money over 30 years. If you don't, FHA gets you into the home now. The insurance premium is a real cost, but it's the price of buying with 3.5% down in San Bernardino's market.
San Bernardino's housing market is active. Buyers here are competing for homes in the $700K–$850K range. FHA financing opens that market to buyers who'd otherwise need to save another $100K+ for a conventional down payment.
The city sits in San Bernardino County, where the median household income of $82,184 supports home purchases in this price range. FHA's 3.5% down requirement means you can buy now instead of renting while saving for a larger down payment.
On a $750,000 FHA loan at 5.49% APR, principal and interest run $4,254 monthly. Add property taxes, insurance, and mortgage insurance—total payment is usually $5,200–$5,600. The exact amount depends on the home's value and location.
No. FHA requires only 3.5% down with a 580+ FICO score. The scenario here shows $27,202 down on a $777,202 purchase. Conventional loans demand 20% down to avoid mortgage insurance, but FHA doesn't.
Only if you put 10% or more down. With less than 10% down, MIP runs for the life of the loan. Refinancing to conventional later is the only way out. It's a real cost over 30 years, so factor it into your decision.
The minimum is 580 FICO. Lenders often prefer 620+ for better rates. The scenario here uses 740 FICO. Higher scores get better rates and easier approval, but you don't need perfect credit.
Yes. San Bernardino County qualifies as an FHA high-cost area, so the limit is $690,000 for standard FHA. However, loans above that can be done through portfolio lenders or with a co-borrower. Call to discuss your specific situation.