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FHA Loans in Half Moon Bay
What's the monthly payment on a $777,202 FHA loan at 5.875%?
Principal and interest run $4,437 monthly at 5.887% APR. Add property taxes, insurance, and mortgage insurance—total housing cost typically runs $5,200 to $5,600 monthly.
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Half Moon Bay's downtown is shifting with the Bespoke mixed-use project moving forward at the former Talbot's site. A $777,202 purchase with 3.5% down runs $4,437 monthly in principal and interest at 5.875%.
That payment sits comfortably within reach for San Mateo County's median household income of $156,000. FHA opens the door when conventional loans demand 5% to 20% down.
5.875%
Interest Rate
$4,437
Monthly Payment (P&I)
580
Minimum FICO
3.5%
Minimum Down Payment
$1,249,125
2026 FHA Limit
17-21 days
Typical Close
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FHA requires a 580 FICO minimum, though lenders typically prefer 640 or higher for better rates. At 740 FICO, you qualify for the best pricing and terms available.
On a $777,202 purchase, 3.5% down means $27,202 at closing. San Mateo County's $156,000 median household income supports homes in this range without strain.
Local decision guide
Use this guide to connect fha loans eligibility, lender expectations, and local market factors before comparing payment options in Half Moon Bay.
Half Moon Bay's downtown is shifting with the Bespoke mixed-use project moving forward at the former Talbot's site. A $777,202 purchase with 3.5% down runs $4,437 monthly in principal and interest at 5.875%.
That payment sits comfortably within reach for San Mateo County's median household income of $156,000. FHA opens the door when conventional loans demand 5% to 20% down.
FHA requires a 580 FICO minimum, though lenders typically prefer 640 or higher for better rates. At 740 FICO, you qualify for the best pricing and terms available.
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 move through agency underwriting with consistent timelines across California lenders. Most brokers and retail banks close FHA loans in 17 to 21 days with standard documentation.
Appraisal standards run stricter than conventional, and lenders verify employment and credit carefully. The tradeoff is lower credit and down-payment floors that open doors for more buyers.
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FHA makes sense in Half Moon Bay when your credit sits above 620 and you have less than 10% saved. The 3.5% down requirement opens the market for buyers who'd otherwise wait years.
Above $1,249,125 in San Mateo County, FHA hits its ceiling and conventional or jumbo becomes necessary. For homes under that limit, FHA's lower credit floor often beats conventional pricing.
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Conventional loans typically demand 5% to 20% down and a 620 FICO minimum. FHA's 3.5% down and 580 FICO floor make it the faster path for limited-savings buyers.
The tradeoff is mortgage insurance that runs for life below 10% down on FHA. Conventional PMI cancels at 78% LTV, but you need more cash upfront to reach that point.
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Pillar Point Harbor is adding two new restaurants after a previous tenant dispute left space vacant. That kind of waterfront investment signals confidence in Half Moon Bay's future as a destination.
The San Mateo Union High School District's cellphone ban and special-needs policy reversals show active community engagement. Schools matter to buyers, and district responsiveness builds long-term neighborhood stability.
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FHA lending in San Mateo County remains steady through 2026, with consistent agency pricing and timelines. Brokers and retail banks compete on service and speed, not rate—the government sets the floor.
Half Moon Bay's coastal appeal and proximity to San Francisco keep FHA demand stable. Buyers with limited down payment often choose FHA over waiting to save 20%.
FAQ
Principal and interest run $4,437 monthly at 5.887% APR. Add property taxes, insurance, and mortgage insurance—total housing cost typically runs $5,200 to $5,600 monthly.
No. FHA requires only 3.5% down minimum with 580+ FICO. On a $777,202 purchase, that's $27,202 down. Conventional loans typically need 5% to 20% down.
FHA requires a 580 FICO minimum to qualify. Most lenders prefer 640 or higher for better rates. At 740 FICO, you qualify for the best pricing and terms.
Yes—if you put down 10% or more, MIP cancels after 11 years. Below 10% down, MIP runs for the life of the loan. Refinancing to conventional is the standard path to remove it.
No. The 2026 FHA limit in San Mateo County is $1,249,125. Above that, you'd need conventional or jumbo financing. Most Half Moon Bay homes stay under this cap.
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.