Question 1

What is the conforming loan limit in San Francisco County?

Accepted Answer

SF County qualifies for the FHFA high-cost limit — the highest conforming ceiling available. Check FHFA.gov for the current figure, as limits adjust annually.

Question 2

Can I use a conforming loan to buy a condo in SF?

Accepted Answer

Yes, but the condo project must meet Fannie Mae or Freddie Mac approval requirements. Warrantability issues are common in SF — your broker should check this early.

Question 3

What credit score do I need for a conforming loan in San Francisco?

Accepted Answer

Lenders require a 620 minimum. Scoring 740 or higher gets you into the best rate tiers. Rates vary by borrower profile and market conditions.

Question 4

How does a conforming loan differ from a jumbo loan in SF?

Accepted Answer

Jumbo loans exceed the conforming limit and carry stricter requirements — more reserves, tighter DTI, and usually 20% down. Conforming is easier to qualify for.

Question 5

Is a fixed or ARM conforming loan better for SF buyers?

Accepted Answer

Depends on your timeline. ARM demand has been shifting — HousingWire noted it as rates climbed. If you plan to sell or refinance within 7 years, an ARM may pencil out.

Question 6

Do I need 20% down for a conforming loan in San Francisco?

Accepted Answer

No. Some conforming products allow as little as 3% down. Below 20%, you'll pay PMI — but it cancels once you reach 20% equity.

Conforming Loans in San Francisco: Know the Limits