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FHA Loans in Daly City
What's the monthly payment on a $750,000 FHA loan at today's rate?
At 5.875% on a $750,000 loan, principal and interest run $4,437 per month. Add property taxes, insurance, and mortgage insurance — total housing cost typically runs $5,500 to $6,200.
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Daly City sits in San Mateo County where the median household income of $156,000 supports homes in the $750,000 range. At 5.875%, a $750,000 FHA loan carries a $4,437 monthly payment for principal and interest.
Downtown San Mateo's Bespoke mixed-use project signals ongoing investment in the region. That kind of development activity typically supports stable home values for buyers committing to the area.
5.875%
Interest Rate
$4,437
Monthly P&I
580
FICO Minimum
3.5% minimum
Down Payment
$750,000
Loan Amount
30 days
Lock Period
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FHA requires a 580 FICO minimum, though lenders often prefer 640+. A 3.5% down payment qualifies you; this scenario shows $27,202 down on a $777,202 purchase.
San Mateo County's median household income of $156,000 stretches to cover homes in the $750,000 range comfortably. Debt-to-income limits typically run 43% to 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 Daly City.
Daly City sits in San Mateo County where the median household income of $156,000 supports homes in the $750,000 range. At 5.875%, a $750,000 FHA loan carries a $4,437 monthly payment for principal and interest.
Downtown San Mateo's Bespoke mixed-use project signals ongoing investment in the region. That kind of development activity typically supports stable home values for buyers committing to the area.
FHA requires a 580 FICO minimum, though lenders often prefer 640+. A 3.5% down payment qualifies you; this scenario shows $27,202 down on a $777,202 purchase.
Rate check
Tell us the price range, down payment and credit range you are working with. We compare every lender we work with and show you the options side by side.
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FHA loans in California move through both retail banks and mortgage brokers. Broker networks often close faster and offer more flexibility on credit and employment history.
Underwriting timelines typically run 17 to 21 days for FHA. Lock periods of 30 days are standard, though longer locks are available at a rate adjustment.
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FHA makes sense in Daly City when you have limited savings but solid income. At $156,000 county median income, a $750,000 purchase is achievable with just 3.5% down.
Conventional loans demand 5% to 10% down and require 620+ FICO with PMI. FHA's lower down-payment floor wins for buyers who'd rather keep cash in reserve.
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Conventional loans at this price point typically run 0.25% to 0.5% higher in rate but skip mortgage insurance at 20% down. FHA's lower rate comes with lifetime mortgage insurance above 90% LTV.
If you have 10% to 20% down saved, conventional's rate advantage and cancellable PMI often win over time. Below 10% down, FHA's 3.5% minimum and lower FICO floor usually pencil better.
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San Mateo County school districts placed bond measures on the June ballot for facility upgrades. That kind of voter commitment to schools typically signals stable neighborhoods and long-term property value support.
The Bespoke development at the former Talbot's downtown site brings mixed-use retail and affordable housing to San Mateo. New commercial activity and housing density support walkability and future appreciation.
FAQ
At 5.875% on a $750,000 loan, principal and interest run $4,437 per month. Add property taxes, insurance, and mortgage insurance — total housing cost typically runs $5,500 to $6,200.
Yes, if your down payment is under 10%. With 10% or more down, MIP cancels after 11 years. Above 90% LTV (under 10% down), it stays for the life of the loan.
Most lenders prefer 640+, but FHA's minimum is 580. A 600 score is workable with compensating factors like stable income and low debt. Call to discuss your specific situation.
FHA requires 3.5% minimum with a 580 FICO. On a $777,202 purchase, that's $27,202 down. Lenders may ask for slightly more with lower credit scores.
FHA timelines typically run 17 to 21 days. Conventional can be similar, but FHA's flexibility on credit and employment history sometimes speeds approval for non-traditional borrowers.
Programs for first-time buyers that allow lower down payments and more forgiving credit and income rules.
Explore refinancing options to lower your rate, tap equity, or switch loan terms.
SRK CAPITAL in San Mateo County
Our team of licensed mortgage brokers works San Mateo County every week. Tell us where you are in the process and we will map out the loan, the timeline and the money you need at closing, with no obligation.
What working with us looks like
Licensed mortgage brokers
You talk with a broker, not a call center, from the first question to closing day.
17-21 day typical close
Most purchase loans close in 17-21 days once your paperwork is in.
Every county in California
We work across the state, including San Mateo County, so local limits and rules are already familiar.
Financing solutions for rental properties, fix-and-flip projects, and real estate portfolios.
Mortgage programs with alternative income documentation for business owners and freelancers.
Federally insured or guaranteed programs (FHA, VA, USDA) that let lenders accept lower credit scores and smaller down payments.
Traditional mortgage options meeting standard lending guidelines with various term structures.
Alternative lending programs for borrowers who need flexible documentation or unique loan structures.
Side-by-side comparisons to help you choose the right mortgage program.
This page is for educational purposes only and does not constitute financial, legal, or tax advice. Mortgage rates, terms, and program availability can change and vary by borrower and property. Consult a licensed mortgage professional for guidance on your scenario.