Question 1

What is the FHA loan limit in Marin County for 2026?

Accepted Answer

Marin County falls in a high-cost area, so FHA limits are above the national baseline. Most Tiburon properties will still exceed that ceiling.

Question 2

Can I use an FHA loan to buy in Tiburon?

Accepted Answer

Technically yes, but the loan limit may not cover the purchase price. You'd need to cover the gap in cash, which defeats the low-down-payment advantage.

Question 3

Do conventional loans require mortgage insurance?

Accepted Answer

Only if you put down less than 20%. Unlike FHA, conventional PMI cancels once you reach 20% equity in the home.

Question 4

Which loan is better for a first-time buyer in Tiburon?

Accepted Answer

It depends on your credit and savings. FHA is more forgiving on credit. Conventional is better if you have solid financials and want a competitive offer.

Question 5

How does my credit score affect which loan I should choose?

Accepted Answer

Below 620, conventional isn't available — FHA is your path. Above 700, conventional typically offers better pricing with fewer insurance costs.

Question 6

Can I refinance from FHA to conventional later?

Accepted Answer

Yes, and many borrowers do exactly that once their equity and credit improve. It's a common way to eliminate FHA's ongoing mortgage insurance cost.

Conventional vs FHA Loans in Tiburon, CA