Loading
Loading
FHA Loans in South San Francisco
What's the monthly payment on an FHA loan in South San Francisco at today's rate?
On a $750,000 FHA loan at 6% interest, principal and interest run $4,497 per month. Add property taxes ($810), insurance ($246) and mortgage insurance ($438): total PITIA is $5,991.
01
South San Francisco's median home price sits at $1,110,000, down from earlier peaks. At $825 per square foot, the market reflects San Mateo County's strong but moderating demand.
On the quoted FHA scenario, your monthly payment for principal and interest runs $4,497. Add taxes, insurance and mortgage insurance: the full PITIA lands at $5,991 per month.
6.00%
Interest rate (30-year FHA)
$4,497
Monthly PI on $750K loan
580
Minimum credit score
3.5%
Down payment minimum
02
FHA requires a minimum 580 representative credit score for a primary residence. You'll also need a maximum 96.5 percent loan-to-value ratio, which means 3.5 percent down on this purchase price.
Your housing debt-to-income ratio cannot exceed 31 percent, and your total debt-to-income ratio cannot exceed 43 percent for a primary residence. At the quoted payment, you'd need roughly $19,326 monthly income to clear the housing ratio.
Local decision guide
Use this guide to connect fha loans eligibility, lender expectations, and local market factors before comparing payment options in South San Francisco.
South San Francisco's median home price sits at $1,110,000, down from earlier peaks. At $825 per square foot, the market reflects San Mateo County's strong but moderating demand.
On the quoted FHA scenario, your monthly payment for principal and interest runs $4,497. Add taxes, insurance and mortgage insurance: the full PITIA lands at $5,991 per month.
FHA requires a minimum 580 representative credit score for a primary residence. You'll also need a maximum 96.5 percent loan-to-value ratio, which means 3.5 percent down on this purchase price.
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.
03
FHA loans are written by retail banks, credit unions and mortgage brokers across California. Brokers like SRK CAPITAL shop your file across a wholesale lender network to find the best rate and terms for your profile.
Underwriting focuses on your credit history, income stability and the property's condition. FHA appraisals are thorough—lenders want to know the home will hold value. SRK CAPITAL closes FHA loans in 17 to 21 days, or 10 days when a file is expedited.
04
FHA makes sense in South San Francisco when you have solid income but limited savings. The 3.5 percent down requirement and 580 credit floor open the door for buyers the conventional market shuts out.
At $1,110,000 median price, FHA's lifetime mortgage insurance is a real cost over 30 years. If you can save toward 10 percent down, you'd cancel MIP after 11 years—a meaningful difference on a $750,000 loan.
05
Conventional loans often ask for a larger down payment than FHA's 3.5 percent minimum. FHA's lower credit floor and down payment come paired with mortgage insurance that can run for the life of the loan.
VA loans offer zero down for eligible veterans with no mortgage insurance at all. Rate differences between FHA, conventional and VA depend on borrower eligibility and market conditions at the time of pricing.
06
San Mateo's school district recently approved a cellphone ban during the school day, signaling a focus on student engagement and classroom focus. That kind of policy matters if you're buying for a family.
Downtown San Mateo is getting new mixed-use development at the former Talbot's site, with commercial space and affordable housing. Long-term neighborhood investment like that supports home values for buyers locking in now.
FAQ
On a $750,000 FHA loan at 6% interest, principal and interest run $4,497 per month. Add property taxes ($810), insurance ($246) and mortgage insurance ($438): total PITIA is $5,991.
Yes — FHA requires a minimum 580 representative credit score for a primary residence. Strong credit above that floor strengthens your application.
Yes — FHA mortgage insurance runs for the life of the loan when you put down less than 10 percent. At 10% or more down, MIP cancels after 11 years.
The 2026 FHA limit is $1,249,125. South San Francisco's median price of $1,110,000 sits comfortably within that cap.
SRK CAPITAL closes FHA loans in 17 to 21 days. Expedited files close in 10 days when conditions are met early.
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.