Question 1

Can I use FHA on a Menlo Park condo?

Accepted Answer

Yes, if the complex is FHA-approved. Many older buildings aren't on the approved list, so check before you make an offer.

Question 2

What credit score gets me the best conventional rate?

Accepted Answer

740 or higher unlocks top-tier pricing. Below 700, your rate climbs in 20-point increments.

Question 3

Does FHA limit how much I can borrow in Menlo Park?

Accepted Answer

Yes. San Mateo County FHA caps at $1,209,750 as of February 2026. Conventional conforming goes to $806,500, or jumbo beyond that.

Question 4

Can I refinance from FHA to conventional later?

Accepted Answer

Absolutely. Once you hit 20% equity and your credit improves, refinancing to conventional drops your rate and kills mortgage insurance.

Question 5

Which loan type closes faster?

Accepted Answer

Conventional usually edges ahead by a few days. FHA requires an extra appraisal inspection that can add time.

Conventional vs FHA Loans in Menlo Park: Which Fits Your Silicon Valley Budget?