Currently, we are blessed to have increased conforming loan limits for San Francisco real estate purchases making FHA home loans a viable option for many SF home buyers.
If you want to use an FHA home loan to purchase a property in San Francisco or San Mateo Counties with low down payment, the following is a helpful cheat sheet. Of course, you’ll want to contact an experienced San Francisco mortgage broker to get the skinny on your individual situation.
FHA Home Loan Limits for San Francisco & San Mateo Home Buying*:
- 1 Unit (Single Family Home or Condominium**): $729,750
- 2 Units: $934,200
- 3 Units: $1,129,250
- 4 Units: $1,403,400
* There are no purchase price limitations. This is simply the maximum loan amount you can get with an FHA home loan.
** Condominiums must qualify for FHA Financing.