Question 1

What's the FHA loan limit in Burlingame?

Accepted Answer

The limit reaches $1,209,750 for single-family homes in San Mateo County as of February 2026. This high-cost area ceiling covers most entry-level and mid-range properties.

Question 2

Can I use FHA on a Burlingame condo?

Accepted Answer

Yes, if the building appears on FHA's approved condo list. Many Peninsula complexes haven't completed certification, so check before writing an offer.

Question 3

How much down payment do I need?

Accepted Answer

You need 3.5% down with 580+ credit or 10% down with 500-579 credit. Most lenders require 620 minimum regardless of official guidelines.

Question 4

Does FHA work in competitive Burlingame markets?

Accepted Answer

FHA can work but faces seller resistance in multiple-offer situations. Strong pre-approval, reserves, and quick closing timelines improve your odds against conventional buyers.

Question 5

When does FHA mortgage insurance drop off?

Accepted Answer

It never cancels on loans with less than 10% down originated after June 2013. Most borrowers refinance to conventional once they reach 20% equity.

Question 6

What credit score do I realistically need?

Accepted Answer

While FHA allows 580, most lenders set 620 floors in expensive California markets. You'll find more options and better rates at 640 or higher.

FHA Loans in Burlingame: Low Down Payment Access to Peninsula Real Estate