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in Brisbane, CA
Brisbane sits in San Mateo County, where the median household income is $156,000. New mixed-use development is reshaping downtown. FHA and USDA both serve buyers without 20% down, but they work very differently.
FHA loans are available anywhere and require 3.5% down with a 580+ credit score. USDA loans demand zero down but only work in USDA-eligible rural areas with strict income caps.
FHA at 5.875% works for buyers with modest savings and 580+ credit. At 96.5% LTV, the monthly P&I is $4,437 with 1.75% upfront mortgage insurance.
FHA mortgage insurance stays for life if you put down under 10%. Put down 10% or more and MIP cancels after 11 years.
USDA loans carry zero down payment and no mortgage insurance. They're only for properties in USDA-eligible rural areas. Brisbane may or may not qualify depending on the address.
USDA charges 1% upfront and 0.35% annually on the loan balance. Income limits apply and vary by household size per USDA's published cap.
FHA lets you buy anywhere in California with 3.5% down and 580 credit. USDA requires zero down but only in USDA-eligible rural areas with income caps.
FHA charges mortgage insurance for life below 10% down. USDA skips mortgage insurance entirely but adds a 0.35% annual fee instead.
Pick FHA if you have savings for a down payment and a 620+ credit score. You'll qualify faster and buy anywhere in Brisbane without USDA property eligibility concerns.
Choose USDA if your household income qualifies and you're buying in a USDA-eligible area. Zero down and no mortgage insurance beat FHA's 3.5% down and lifetime MIP.
Only if the specific property is in a USDA-eligible rural area. Check the USDA property eligibility map for the exact address.
$4,437 per month for principal and interest on a $750,000 loan at 5.875%. Add property taxes, insurance, and mortgage insurance.
Yes. FHA lets you put down 3.5% and carry mortgage insurance. USDA skips mortgage insurance entirely with zero down.
FHA is priced at 5.875% in this scenario. USDA rates typically run similar or slightly higher than FHA.
FHA requires 580 minimum for a 3.5% down loan. USDA typically expects 640+ but has no published floor.