Question 1

Can I use USDA loans anywhere in South San Francisco?

Accepted Answer

No. USDA maps show most of South San Francisco as ineligible due to population density. Check the USDA eligibility map for your specific address before assuming you qualify.

Question 2

Which program has lower mortgage insurance?

Accepted Answer

USDA charges less—1% upfront and 0.35% annually versus FHA's 1.75% upfront and 0.55%-0.85% annually. But USDA's location restrictions usually eliminate it as an option here.

Question 3

Do both programs have income limits?

Accepted Answer

Only USDA caps income at area median levels. FHA has no income ceiling, making it work for higher-earning Bay Area households.

Question 4

What's the loan limit difference in San Mateo County?

Accepted Answer

FHA caps at $1,149,825 for single-family homes. USDA limits vary by area but become irrelevant since most local properties don't qualify geographically.

Question 5

Which loan closes faster in South San Francisco?

Accepted Answer

FHA typically closes quicker. Lenders process them daily while USDA files require extra eligibility verification and underwriting steps that local lenders see less often.

FHA vs USDA Loans in South San Francisco: Which Fits Your Budget?