Question 1

Can I switch from FHA to conventional later?

Accepted Answer

Yes — refinancing into conventional once you have 20% equity removes FHA mortgage insurance. Many Windsor buyers start FHA and refi when their equity grows.

Question 2

Which loan has lower monthly payments?

Accepted Answer

Depends on your rate and down payment. Conventional without PMI often wins long-term. FHA's lower rate can offset its insurance cost short-term.

Question 3

Does FHA work for Sonoma County home prices?

Accepted Answer

FHA loan limits in Sonoma County are set above national baseline levels. Confirm the current limit with us before assuming FHA won't cover your target price.

Question 4

What credit score do I need for each loan?

Accepted Answer

FHA allows 580 with 3.5% down. Conventional typically requires 620 minimum, with better rates kicking in above 700.

Question 5

Which loan is easier to get approved for?

Accepted Answer

FHA is more forgiving on credit and debt-to-income ratios. Conventional is stricter but rewards borrowers with strong profiles.

Question 6

Do both loans work for Windsor single-family homes?

Accepted Answer

Yes. Both programs cover standard single-family homes. Property condition requirements are stricter on FHA — appraisers flag more issues.

Conventional vs FHA Loans in Windsor, CA