A Median Sales Price Home in San Francisco Requires Minimum Qualifying Income Of … $309,400

Yes, the San Francisco Bay Area is quite pricey for housing. A peninsula (restricted area) with thriving technology companies (Facebook, Google, Apple, etc.), restrictive zoning and Uber-expensive construction costs result in a mondo-expensive home prices.

San Francisco requires $309,400 in MINIMUM qualify income to purchase a median sales priced house.

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If we go down the peninsula to Los Altos Hills, we see available houses in the $2-40 million dollars range.

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Of course, Los Altos Hills is not the median for the SF Bay Area. It is the Bay Area equivalent of Beverly Hills, Bel Air and Westwood in Los Angeles (non-coastal).

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Needless to say, Fannie Mae and Freddie Mac do not buy mortgages from lenders in these areas. That is the province of jumbo lenders and securitizers like Redwood Mortgage Investors.

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