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Jumbo Loans in San Mateo County

The 2026 one-unit conforming limit in San Mateo County is $1,249,125. Any one-unit loan above that is a jumbo loan. Below: how that line falls across 12 San Mateo cities.

$1,249,125

2026 1-unit conforming limit

High-cost

County designation

12

Cities covered below

700+

Typical credit score

Overview

What counts as a jumbo loan in San Mateo County

San Mateo County is a designated high-cost area, so its 2026 one-unit conforming loan limit is $1,249,125 (per FHFA/HUD 2026 loan limits) rather than the $832,750 national baseline. Any one-unit loan above $1,249,125 in San Mateo County is a jumbo loan.

Values across the county run from roughly $1.13M in Daly City to about $2.88M in Menlo Park, so whether a purchase needs jumbo financing varies widely by city — the table below shows where each one sits against the $1,249,125 limit.

Typical requirements

  • A strong credit score, generally 700 or higher
  • A larger down payment (often 10–20%+)
  • Significant cash reserves
  • Full documentation of income and assets

Potential benefits

  • Finance high-value San Mateo properties in a single loan
  • Competitive rates for strong borrowers
  • Fixed and adjustable options
  • Available for primary, second, and investment homes
City by city

Where the $1,249,125 line falls across San Mateo County

Typical home values are Zillow Home Value Index (ZHVI) figures for June 2026, rounded. ZHVI reflects the typical value for homes in the 35th to 65th percentile range, so it sits below the median sale price in markets with a heavy luxury tail. Provided as a market reference for general education only; not an appraisal or valuation of any specific property.

CityTypical home value
approx., mid-2026
Is a jumbo loan usually needed?
Belmont$2.29MUsually
Burlingame$2.82MAlmost always
Daly City$1.13MOften — depends on the home
Foster City$1.88MUsually
Half Moon Bay$1.56MUsually
Menlo Park$2.88MAlmost always
Millbrae$2.07MUsually
Pacifica$1.27MOften — depends on the home
Redwood City$1.88MUsually
San Carlos$2.45MUsually
San Mateo$1.68MUsually
South San Francisco$1.23MOften — depends on the home
Market notes

How jumbo financing plays out in each San Mateo city

Belmont. Belmont home values run far above the 2026 high-cost conforming ceiling, so virtually every standard hillside purchase here is financed as a jumbo loan.

Burlingame. Burlingame is an affluent Peninsula market where typical values run far above the 2026 high-cost conforming ceiling — virtually every standard purchase is a jumbo loan.

Daly City. Daly City home values run above the 2026 high-cost conforming ceiling, so most single-family purchases in this San Francisco-adjacent city are financed as jumbo loans.

Foster City. Foster City home values run well above the 2026 high-cost conforming ceiling, so virtually every standard purchase in this waterfront planned community is a jumbo loan.

Half Moon Bay. Half Moon Bay home values run well above the 2026 high-cost conforming ceiling, so most single-family purchases in this coastal town are financed as jumbo loans.

Menlo Park. Menlo Park is a premier Peninsula market where typical values run far above the 2026 high-cost conforming ceiling — nearly all standard purchases are financed as jumbo loans.

Millbrae. Millbrae home values run well above the 2026 high-cost conforming ceiling, so nearly every standard purchase in this transit-hub city is a jumbo loan.

Pacifica. Pacifica home values run above the 2026 high-cost conforming ceiling, so most single-family purchases in this coastal city are financed as jumbo loans.

Redwood City. Redwood City home values run well above the 2026 high-cost conforming ceiling, so virtually all standard single-family purchases here are financed as jumbo loans.

San Carlos. San Carlos is an affluent Peninsula market where typical values run far above the 2026 high-cost conforming ceiling — nearly every standard purchase is a jumbo loan.

San Mateo. San Mateo home values run well above the 2026 high-cost conforming ceiling, so nearly every standard single-family purchase on the mid-Peninsula is financed as a jumbo loan.

South San Francisco. South San Francisco home values run above the 2026 high-cost conforming ceiling, so most single-family purchases in 'The Industrial City' are financed as jumbo loans.

FAQ

Jumbo loans in San Mateo County — common questions

What is the 2026 jumbo loan limit in San Mateo County?
In San Mateo County the 2026 one-unit conforming limit is $1,249,125 (per FHFA/HUD 2026 loan limits). A jumbo loan is any one-unit loan amount above $1,249,125. The county carries the high-cost limit rather than the $832,750 national baseline.
Which San Mateo cities usually require a jumbo loan?
It varies by city. In Menlo Park, where typical values run around $2.88M, jumbo financing applies to most standard purchases. In Daly City, closer to $1.13M, it comes into play mainly on higher-end homes. The table on this page marks where each of the 12 cities we cover falls against the $1,249,125 limit.
How much down payment do jumbo borrowers need in San Mateo?
Jumbo programs commonly look for 10 to 20 percent or more, along with a credit score generally at or above 700 and meaningful cash reserves. The exact figure depends on the loan amount, the property, and your overall profile.
Do jumbo loans cost more than conforming loans in San Mateo?
Not necessarily. For strong borrowers jumbo pricing is often very competitive with conforming loans, and in some markets it prices close to or below a comparable conforming loan. Pricing depends on credit, down payment, reserves, and the specific program.

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