Question 1

What credit score do I need for FHA in South San Francisco?

Accepted Answer

Most lenders approve 580+ credit for 3.5% down. Some require 620 for best rates. We shop lenders with lower overlays if your score sits below 620.

Question 2

Can I use FHA for South San Francisco condos?

Accepted Answer

Only if the complex has FHA approval. Many newer buildings near Caltrain lack approval. We verify status before you tour properties to avoid wasted time.

Question 3

How much down payment does FHA require in San Mateo County?

Accepted Answer

3.5% down with 580+ credit score. On a $900,000 home, that's $31,500 down. Gift funds from family cover the entire down payment amount.

Question 4

Does FHA work for South San Francisco's high prices?

Accepted Answer

San Mateo County FHA limits reach $1,209,750 for single-family homes. This covers most SSF properties except premium hillside areas and luxury waterfront homes.

Question 5

Should I choose FHA or conventional with 5% down?

Accepted Answer

FHA wins below 680 credit or with high DTI. Above 680 credit, conventional saves money long-term with lower mortgage insurance costs. We run both scenarios.

FHA Loans in South San Francisco: Low Down Payment Access to San Mateo County