Down Payment by City

How Much Is a Down Payment on a House in San Francisco?

Updated November 1, 2026

By Vinura Abeysundara

Head of Growth at TurboHome

Reviewed by:

Vinura Abeysundara

Head of Growth at TurboHome

Kevin Kretzmer

Head Agent, California · CalDRE #01997822

A 20% down payment on the median San Francisco home is $330,000, based on 2,352 San Francisco homes that closed between May 1 and October 31, 2026 at a median price of $1,650,000. Most buyers put down less: an FHA loan at 3.5% down needs $57,750, a 5% conventional loan needs $82,500 and 10% down is $165,000. The median home exceeds the $1,249,125 San Francisco County FHA limit at 3.5% down, and 54.3% of San Francisco sales needed a jumbo loan even with 20% down.

TurboHome Market Analysis · San Francisco, California · Sales closed from May 1, 2026 to October 31, 2026

Key findings

On the median San Francisco home ($1,650,000), the down payment ranges from $57,750 at 3.5% (FHA) to $330,000 at 20%.
Home type changes the number more than anything else: 10% down is $215,000 on the median single family home ($2,150,000) and $126,250 on the median condo or townhome ($1,262,500).
33.9% of San Francisco sales were priced within the $1,249,125 San Francisco County FHA limit at 3.5% down, and 54.3% needed a jumbo loan even with 20% down (2026 conforming limit $1,249,125).
Nationally, first-time buyers put down a median 10% and repeat buyers 23% (NAR, November 2025); the typical buyer put down 15%, or about $64,000, in March 2026 (Redfin).
The San Francisco median rose 17.0% year over year in our MLS feed ($1,410,000 to $1,650,000), which moved a 20% down payment by about $48,000.

Down payment on the median San Francisco home

The table uses the $1,650,000 median sale price for San Francisco homes that closed between May 1 and October 31, 2026 (single family homes, condos and townhomes). Monthly principal and interest is estimated at the Freddie Mac average 30-year fixed rate of 7.24% for the week of October 29, 2026; mortgage insurance, property taxes, homeowners insurance and HOA dues come on top.

Down payment. Every figure is in the table below.

Down payment on the median San Francisco home, data table
Down payment option	Down payment	Loan amount	Loan type at this price	Est. monthly principal and interest
3.5% down (FHA minimum)	$57,750	$1,592,250	Above FHA limit	$10,851
5% down (conventional minimum)	$82,500	$1,567,500	Jumbo	$10,682
10% down	$165,000	$1,485,000	Jumbo	$10,120
20% down (no mortgage insurance)	$330,000	$1,320,000	Jumbo	$8,996

Putting 20% down instead of 3.5% on the median San Francisco home cuts the monthly principal and interest by about $1,855 and avoids mortgage insurance, but it takes $272,250 more cash at closing. Closing costs typically add another 2% to 3% of the price on top of any option in the table.

Down payment by home type in San Francisco

Single family homes and condos sell at very different prices in San Francisco, so the home type you target sets your savings goal.

Down payment by home type in San Francisco, data table
Home type	Sales (6 mo)	Median sale price	3.5% down	5% down	10% down	20% down
Single family home	1,094	$2,150,000	$75,250	$107,500	$215,000	$430,000
Condo or townhome	1,258	$1,262,500	$44,188	$63,125	$126,250	$252,500
All homes	2,352	$1,650,000	$57,750	$82,500	$165,000	$330,000

Entry level, median and upper tier in San Francisco

One in four San Francisco homes sold for $1,080,000 or less (the 25th percentile), and one in four sold for $2,500,000 or more. The entry tier is usually the better target for a first-time buyer's down payment plan.

Entry level, median and upper tier in San Francisco, data table
Price tier	Sale price	3.5% down	5% down	10% down	20% down	Loan at 10% down
Entry level (25th percentile)	$1,080,000	$37,800	$54,000	$108,000	$216,000	$972,000 (conforming)
Median	$1,650,000	$57,750	$82,500	$165,000	$330,000	$1,485,000 (jumbo)
Upper tier (75th percentile)	$2,500,000	$87,500	$125,000	$250,000	$500,000	$2,250,000 (jumbo)

2026 loan limits in San Francisco County and what they mean for your down payment

2026 loan limits in San Francisco County and what they mean for your down payment, data table
Limit (one unit, 2026)	Amount	Max purchase price at minimum down	Share of sales within limit
FHA loan limit, San Francisco County	$1,249,125	$1,294,430 at 3.5% down	33.9%
Conforming loan limit, San Francisco County	$1,249,125	$1,314,868 at 5% down	35.2%
Jumbo needed even at 20% down	above $1,249,125 loan	above $1,561,406 price	54.3% of sales

San Francisco County is a high-cost area, so both the FHA and conforming limits sit at the national ceiling of $1,249,125 for 2026. FHA loans allow 3.5% down with a 580 or higher credit score but carry an upfront premium of 1.75% of the loan and monthly mortgage insurance for the life of the loan at less than 10% down. Conventional loans allow 3% to 5% down for first-time buyers with private mortgage insurance that drops off at 20% equity. Jumbo loans above the conforming limit usually require 10% to 20% down and higher reserves. Limits are from the FHFA and HUD announcements for 2026 (fhfa.gov, hud.gov).

How San Francisco buyers actually paid

We do not publish a local financing mix for San Francisco because only 8.1% of San Francisco closings record the buyer's financing type in our feed. Nationally, first-time buyers put down a median 10% and repeat buyers 23% according to the NAR 2025 Profile of Home Buyers and Sellers (nar.realtor), and Redfin found the typical buyer put down 15%, or about $64,000, in March 2026 (redfin.com). Applied to the San Francisco median of $1,650,000, a 10% first-time buyer down payment is $165,000 and a 15% typical down payment is $247,500.

Where a down payment goes furthest in San Francisco

These are the three lowest-median neighborhoods in San Francisco with at least 15 closings in the period, out of 29 that qualified. Entry prices come with trade-offs: older buildings, higher HOA dues or longer commutes.

Where a down payment goes furthest in San Francisco, data table
Neighborhood	Sales (6 mo)	Median sale price	3.5% down	5% down	10% down
Downtown / Civic Center	56	$516,900	$18,092	$25,845	$51,690
Diamond Heights	27	$660,000	$23,100	$33,000	$66,000
Bayview	63	$925,000	$32,375	$46,250	$92,500
Citywide median	2,352	$1,650,000	$57,750	$82,500	$165,000
Noe Valley (highest median)	89	$2,850,000	$99,750	$142,500	$285,000

Local notes for San Francisco buyers

San Francisco is the hardest down payment in our coverage area: the median home sold for $1,650,000 in the six months to October 2026, up from $1,410,000 in the same period of 2025 in our MLS feed, so a 20% down payment target rose by roughly $48,000 in a year. The split by home type matters more here than anywhere else. The median single family home closed at $2,150,000, which puts a 20% down payment at $430,000, while the median condo or TIC-style unit closed at $1,262,500, where 10% down is $126,250. Downtown / Civic Center and Diamond Heights condos ($516,900 and $660,000 medians) are where a sub-$70,000 down payment still buys in the city; Bayview is the cheapest neighborhood for a single family house. Because 54.3% of sales needed a jumbo loan even with 20% down, most San Francisco buyers should get pre-approved with a lender that offers 10% down jumbo programs, and should expect to compete: 74.6% of sales closed above asking with a median 13 days on market.

California down payment assistance for San Francisco buyers

CalHFA's MyHome Assistance Program is a deferred-payment junior loan of up to 3.5% of the purchase price or appraised value (whichever is lower) when paired with a CalHFA FHA first mortgage, or up to 3% with a CalHFA conventional first mortgage, usable for the down payment and closing costs (calhfa.ca.gov). On an entry-level San Francisco home at the 25th percentile price ($1,080,000), that is up to $37,800 with an FHA loan, which covers the entire 3.5% minimum, or up to $32,400 with a conventional loan. MyHome requires the borrower to be a first-time buyer under CalHFA's income limits, which vary by county, and the first mortgage must stay within the county loan limit of $1,249,125, so it applies to homes priced up to about $1,294,430 with an FHA loan, which is below the San Francisco median. CalHFA's Dream For All shared-appreciation loan reopens in limited rounds, and several cities and counties run their own programs; your TurboHome agent can check which ones apply to a specific address.

Methodology

TurboHome analyzed 2,352 San Francisco, California home sales recorded in the MLS with a close date between May 1 and October 31, 2026 and a sale price above $50,000. Single family homes, condominiums and townhouses are included; land, mobile and manufactured homes, multifamily and timeshares are excluded. Down payments are calculated as a straight percentage of the sale price and rounded to the nearest dollar; lender overlays, seller credits and closing costs are not included. FHA eligibility is the share of sales where the price less a 3.5% down payment is at or below the 2026 San Francisco County FHA one-unit limit of $1,249,125; the conforming test uses a 5% down payment against the 2026 conforming limit of $1,249,125; the jumbo test uses a 20% down payment against the same limit. Loan limits are from the FHFA announcement of November 25, 2025 and HUD's 2026 FHA limits effective January 1, 2026. The financing mix counts only closings where the MLS records a single buyer financing type; multi-value entries and blanks are excluded, and the mix is omitted where fewer than 80% of closings have a recorded type. Neighborhood medians use the MLS neighborhood field and require at least 15 closings (Sacramento uses ZIP codes with at least 8 closings because of thinner feed coverage). Monthly payment estimates use the Freddie Mac Primary Mortgage Market Survey 30-year fixed average of 7.24% for the week of October 29, 2026 (freddiemac.com/pmms), principal and interest only. Year-over-year comparisons use the same method for May 1 to October 31, 2025 and are shown only where the prior period has at least 100 closings in our feed.

Frequently asked questions

How much is a down payment on a house in San Francisco?

On the median San Francisco home, which sold for $1,650,000 between May 1 and October 31, 2026, a down payment is $57,750 at 3.5% (FHA), $82,500 at 5%, $165,000 at 10% and $330,000 at 20%. One in four homes sold for $1,080,000 or less, where 5% down is $54,000.

What is the minimum down payment for a house in San Francisco?

FHA loans allow 3.5% down, which is $57,750 on the median San Francisco home, as long as the loan stays under the $1,249,125 San Francisco County limit; 33.9% of San Francisco sales in the period qualified. Conventional loans allow 3% to 5% down for first-time buyers, and VA loans require no down payment for eligible veterans and service members.

Do I need 20% down to buy a house in San Francisco?

No. Nationally, first-time buyers put down a median 10% and the typical buyer 15%, and both FHA (3.5% down) and conventional (3% to 5% down) loans are widely used in San Francisco. Putting 20% down ($330,000 on the median home) avoids mortgage insurance and lowers the payment by about $1,855 a month compared with 3.5% down.

Is San Francisco a jumbo loan market?

Largely, yes. 54.3% of San Francisco homes sold for more than $1,561,406, which means the loan exceeded the $1,249,125 conforming limit even with 20% down. Jumbo lenders typically want 10% to 20% down, higher credit scores and 6 to 12 months of reserves, so plan the down payment and the reserves together.

Is there down payment assistance in San Francisco?

Yes. CalHFA's MyHome program offers a deferred junior loan of up to 3.5% of the price with a CalHFA FHA loan ($37,800 on an entry-level San Francisco home at the 25th percentile price) or 3% with a conventional loan, subject to first-time buyer status, income limits and the $1,249,125 county loan limit. Local city and county programs may stack on top.

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