Question 1

What's the FHA loan limit in Daly City for 2026?

Accepted Answer

The FHA loan limit in San Mateo County is $1,249,125 for a single-family home as of 2026. That covers most properties in Daly City except higher-end detached homes.

Question 2

Can I use FHA to buy a condo in Daly City?

Accepted Answer

Yes, if the complex is FHA-approved. Many Daly City condos qualify, but verify approval status before making an offer to avoid wasting time.

Question 3

How much is FHA mortgage insurance in San Mateo County?

Accepted Answer

You pay 1.75% upfront plus 0.55%-0.85% annually depending on loan amount and down payment. On a $900,000 loan, expect $400-600 monthly for insurance.

Question 4

Do Daly City sellers accept FHA offers?

Accepted Answer

Many do, but some prefer conventional or cash due to stricter appraisal requirements. Strengthen your offer with solid pre-approval and quick closing timeline.

Question 5

Can I remove FHA mortgage insurance after reaching 20% equity?

Accepted Answer

No, FHA loans originated after June 2013 require insurance for the loan's life. You must refinance to conventional to eliminate the monthly premium.

FHA Loans in Daly City: Your Low Down Payment Path to Bay Area Homeownership