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FHA Loans in San Bruno
What's the monthly payment on a $750,000 FHA loan at today's rate?
At 5.875% APR on a $750,000 loan with 740 FICO, principal and interest run $4,437 monthly. Add property taxes, insurance, and mortgage insurance for your total housing payment.
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San Bruno 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 alone.
The Bespoke mixed-use development at the former Talbot's downtown location signals renewed investment in San Mateo. That kind of infrastructure activity supports long-term home values for buyers entering the market now.
5.875%
Interest Rate
$4,437
Monthly P&I
580
Min FICO
3.5% minimum
Down Payment
$750,000
Loan Amount
30 days
Lock Period
02
FHA requires a minimum 580 FICO score, though lenders often set floors higher. A 740 FICO qualifies easily at the standard 3.5% down payment with mortgage insurance for the life of the loan.
San Mateo County's $156,000 median household income covers a $750,000 purchase with room for property taxes and insurance. Most borrowers here carry debt-to-income ratios between 43% and 50%.
Local decision guide
Use this guide to connect fha loans eligibility, lender expectations, and local market factors before comparing payment options in San Bruno.
San Bruno 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 alone.
The Bespoke mixed-use development at the former Talbot's downtown location signals renewed investment in San Mateo. That kind of infrastructure activity supports long-term home values for buyers entering the market now.
FHA requires a minimum 580 FICO score, though lenders often set floors higher. A 740 FICO qualifies easily at the standard 3.5% down payment with mortgage insurance for the life of the loan.
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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California lenders compete aggressively on FHA rates because the government insurance removes default risk. Most brokers and retail banks offer FHA with similar pricing and timelines.
Underwriting typically takes 21 to 30 days for FHA in California. Appraisals must meet HUD standards, which adds scrutiny but protects both lender and borrower.
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FHA makes sense in San Bruno when you have limited savings but solid income. At $156,000 county median income, the 3.5% down option opens doors that conventional 5% down would close.
Above $750,000, conventional rates often beat FHA because the mortgage insurance cost outweighs the rate advantage. Jumbo loans start above the $1,249,125 limit and carry different pricing altogether.
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Conventional loans at 5% down carry PMI but no upfront mortgage insurance premium. FHA's 1.75% upfront MIP rolls into the loan, raising your balance immediately.
FHA's lifetime mortgage insurance at 96.5% LTV means you never drop the insurance unless you refinance. Conventional PMI cancels at 78% LTV automatically under the Homeowners Protection Act.
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San Mateo County school districts placed bond measures on the June ballot to fund facility upgrades. That kind of education investment typically supports home values and attracts families to the area.
San Bruno's proximity to San Francisco Bay Area dining and culture adds appeal. Seven Bay Area restaurants earned Michelin recognition recently, signaling the region's culinary momentum.
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FHA lending in California remains steady because the government guarantee attracts lenders even in slower markets. San Bruno's location near San Francisco keeps demand high for FHA-eligible properties.
Closing timelines for FHA average 21 to 30 days in California. Appraisal turnaround and underwriting scrutiny add a few days compared to conventional, but the process is predictable.
FAQ
At 5.875% APR on a $750,000 loan with 740 FICO, principal and interest run $4,437 monthly. Add property taxes, insurance, and mortgage insurance for your total housing payment.
No. FHA lets you buy with 3.5% down ($27,202 on a $777,202 purchase). Conventional requires 5% minimum; jumbo typically demands 20%.
At 96.5% LTV, mortgage insurance runs for the life of the loan unless you refinance. With 10% or more down, MIP cancels after 11 years.
Most lenders require 620+ FICO for FHA approval. A 650 score qualifies, though rates may be slightly higher than a 740 score.
The 2026 FHA limit is $1,249,125 in San Mateo County. San Bruno purchases below that threshold qualify for standard FHA terms.
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.