Question 1

Can I switch from FHA to conventional later?

Accepted Answer

Yes — refinancing into conventional once you have 20% equity removes MIP. Many Highland buyers use FHA to get in, then refinance.

Question 2

Which loan has lower closing costs in Highland?

Accepted Answer

FHA allows sellers to cover up to 6% of closing costs. That can significantly reduce what you bring to the table at closing.

Question 3

Does FHA or conventional close faster?

Accepted Answer

Conventional loans typically close faster. FHA requires an appraisal that meets HUD property standards, which can add time.

Question 4

What credit score gets the best conventional rate?

Accepted Answer

Pricing improves in tiers. A 740+ score gets you the best conventional rates. Below 680, FHA often becomes the stronger option.

Question 5

Are FHA loan limits high enough in San Bernardino County?

Accepted Answer

FHA sets county-level limits annually. Confirm the current San Bernardino County limit with us before assuming your target price qualifies.

Conventional vs FHA Loans in Highland, CA