FHA loans in Point Loma (2026)
Amir Nurani · NMLS #197458 · (619) 366-9494
Quick answer: FHA is a common Point Loma fit when 3.5% down is what makes a 92106, Liberty Station, Loma Portal, or Sunset Cliffs-adjacent purchase possible. The 2026 San Diego County 1-unit high-cost figure is $1,104,000. HUD FHA limits often match that number in high-cost counties; we still check the HUD table. The local catch is older houses on an FHA appraisal, plus FHA condo eligibility at Liberty Station. Military nearby means VA is the other product when you have entitlement. City of San Diego / SDHC can sit behind FHA on a 921 ZIP under the $1,250,000 price cap.
Point Loma 92106, Liberty Station, Loma Portal, and Sunset Cliffs-adjacent streets are City of San Diego addresses. Files here mix conventional, FHA, and VA because Naval Base Point Loma sits next door. This page is the 3.5% down FHA file. Older peninsula houses still have to clear an FHA appraisal. Left Coast Leaders, Inc. (NMLS #2394495) prices FHA MIP next to conventional PMI on the same 92106 address, with peninsula taxes, insurance, and any HOA in the monthly number. If you have entitlement, start on VA loans in Point Loma. The neighborhood hub is mortgage broker in Point Loma.
92106, Liberty Station, and the 2026 limit
An $850,000 purchase is a realistic FHA-range example we already use on the MIP vs PMI post: 3.5% down is $29,750 cash down, base loan $820,250, plus 1.75% upfront MIP (about $14,350, usually financed). Annual MIP on many 30-year FHA loans has been 0.55% of the base loan (about $376 a month in that example) and typically lasts for the life of the loan if you put less than 10% down.
The 2026 San Diego County 1-unit high-cost conforming limit is $1,104,000 (baseline $832,750). FHA forward limits are a HUD table. In high-cost counties they often match the FHFA high-cost figure. We verify the current HUD county row for a 1-unit, then we look at loan amount, not just list price. Sunset Cliffs-adjacent sales can sit near or above that line. Details: FHA loan limits San Diego 2026, conforming loan limits 2026, and the county FHA loans service hub.
Older houses, Liberty Station condos, and FHA appraisals
Older 92106 and Loma Portal houses, Liberty Station condos, and Sunset Cliffs-adjacent streets are the local reason this page is not a copy of the county FHA guide. FHA appraisals look at livability. Older peninsula houses can mean repair credits or appraisal conditions before underwriting will sign off. A Liberty Station condo has to be FHA-eligible. Lenders review the project as well as the buyer. Military nearby means VA is the other product when you have entitlement. We talk through property type at pre-approval, not after you spend inspection money. For the peninsula base, see VA loans near Naval Base Point Loma.
Down payment assistance on this 921 ZIP
Point Loma is a City of San Diego 921 ZIP, so SDHC city programs can be on the table for a primary residence that meets income, occupancy, first-time buyer, and the published $1,250,000 price cap. Current SDHC middle-income materials (about 80% to 150% AMI) publish $50,000 total assistance: a $40,000 deferred down-payment loan plus a $10,000 closing-cost grant. That is a different agency than County DPA. CalHFA MyHome can still pair with a CalHFA FHA first (up to the lesser of 3.5% of price or value) when you meet income and first-time rules. Do not write an offer that depends on assistance until funding and a participating lender are confirmed. Guide: San Diego DPA 2026.
When we still pick FHA in this neighborhood
- You need 3.5% down, and that is what makes a 92106, Liberty Station, or Loma Portal purchase possible.
- Credit in the mid-600s, where conventional PMI pricing is painful.
- The property can clear an FHA appraisal, the project is eligible if it is a condo, and you have modeled a later conventional refinance if you want MIP off.
If you have entitlement, start with VA and compare funding fee versus FHA MIP on the same peninsula payment. If credit is in the 700s, conventional at 5% with cancellable PMI often beats life-of-loan MIP. Amir Nurani (NMLS #197458) runs both on one credit file. Use the payment calculator for principal and interest, then we add MIP, tax, insurance, and any HOA from the actual house or unit.
Related
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Frequently asked questions
The 2026 San Diego County 1-unit high-cost conforming limit is $1,104,000. HUD publishes FHA forward limits separately. In high-cost counties they often match that FHFA figure, but we still verify the current HUD county table for the property type before you write on a 92106 house, a Liberty Station condo, or a Loma Portal listing. Sunset Cliffs-adjacent sales can sit near or above that loan amount.
Sometimes. FHA appraisals look at livability. Older Point Loma and Loma Portal houses can mean repair credits or appraisal conditions. A Liberty Station condo has to be FHA-eligible, and lenders still review the project. We talk through property type at pre-approval, not after you spend inspection money. If you have entitlement, VA is the other product on the same peninsula address.
Point Loma 92106 is a City of San Diego ZIP, so SDHC city programs can be on the table for a primary residence that meets income, occupancy, first-time buyer, and the published $1,250,000 price cap. Current middle-income materials publish $50,000 total assistance. Funding must be open. Do not count assistance in an offer until it is confirmed.
Buying in Point Loma with FHA?
Get pre-approved and we will price FHA, VA, and conventional on the same peninsula house or Liberty Station condo, including MIP, tax, insurance, and any HOA.
Get Pre-ApprovedLeft Coast Leaders, Inc. · NMLS #2394495 · DRE #02191517 · Equal Housing Lender · San Diego, CA 92111