Question 1

Can I switch from FHA to conventional later?

Accepted Answer

Yes. Once you have enough equity, refinancing into conventional removes the lifetime MIP. Many Taft borrowers do this after a few years.

Question 2

Which loan has lower monthly payments in Taft?

Accepted Answer

It depends on your credit and down payment. Conventional beats FHA on monthly cost once you cross 20% equity. Rates vary by borrower profile and market conditions.

Question 3

Does FHA have loan limits in Kern County?

Accepted Answer

Yes, FHA sets county-level loan limits. Kern County limits apply in Taft — check current limits before assuming a purchase price is covered.

Question 4

What credit score do I need for a conventional loan?

Accepted Answer

Most conventional lenders require at least 620. The best rates go to borrowers at 740 and above.

Question 5

Is FHA harder to use on older Taft homes?

Accepted Answer

FHA has stricter property condition standards. Older homes may need repairs before closing. Conventional appraisals have more flexibility.

Conventional vs FHA Loans in Taft, CA