Question 1

Can I switch from FHA to conventional later?

Accepted Answer

Yes — refinancing into a conventional loan removes FHA mortgage insurance. You'll need enough equity and qualifying credit at that time.

Question 2

Which loan has a higher limit in Solano County?

Accepted Answer

Conventional conforming limits exceed FHA limits in most California counties. Run your purchase price against current limits before choosing.

Question 3

Does FHA allow seller concessions?

Accepted Answer

FHA allows sellers to cover up to 6% of closing costs. Conventional caps seller concessions lower depending on your down payment.

Question 4

Is the FHA down payment really just 3.5%?

Accepted Answer

Yes, if your score is 580 or above. Drop below 580 and FHA requires 10% down — which changes the math considerably.

Question 5

Which loan is faster to close in Vacaville?

Accepted Answer

Conventional loans often close faster. FHA appraisals have stricter property condition requirements that can slow things down.

Question 6

What credit score is best for conventional approval?

Accepted Answer

You need 620 to qualify, but rates improve noticeably above 740. Borrowers in that range get the strongest conventional pricing.

Conventional vs FHA Loans in Vacaville, CA