Question 1

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

Accepted Answer

San Mateo County qualifies as high-cost. FHA one-unit limits reach $1,209,750. That covers most Foster City condos and some single-family homes.

Question 2

Can I use FHA for a Foster City condo purchase?

Accepted Answer

Yes, if the complex is FHA-approved and warrantable. Many waterfront buildings fail approval due to HOA reserve requirements or structural issues.

Question 3

How much is FHA mortgage insurance in Foster City?

Accepted Answer

You pay 1.75% upfront, typically rolled into the loan. Monthly insurance runs 0.55-0.85% annually depending on down payment and loan term.

Question 4

Does my credit score affect my FHA rate in Foster City?

Accepted Answer

Absolutely. We see 0.5-0.75% rate differences between 620 and 720 credit scores. Higher scores save $200+ monthly on typical loan amounts.

Question 5

Can I buy a fixer-upper in Foster City with FHA?

Accepted Answer

Standard FHA requires properties to meet safety and habitability standards. FHA 203(k) renovation loans exist but add complexity and not all lenders offer them.

Question 6

How long after bankruptcy can I get FHA in Foster City?

Accepted Answer

Two years after Chapter 7 discharge with re-established credit. Chapter 13 allows purchase after 12 months of on-time payments with court approval.

FHA Loans in Foster City: Low Down Payment Access to San Mateo County