Question 1

What credit score do I actually need for FHA in Camarillo?

Accepted Answer

Most lenders require 600 minimum despite FHA allowing 580. A broker finds the lenders who approve 580-599 scores, but expect higher rates in that range.

Question 2

How much are FHA closing costs in Ventura County?

Accepted Answer

Expect 2-3% of purchase price including origination, title, escrow, and county fees. Seller can contribute up to 6% toward these costs with proper negotiation.

Question 3

Can I use FHA for a Camarillo condo or townhouse?

Accepted Answer

Yes, but the complex must appear on FHA's approved list. About 60% of Camarillo condos maintain approval, so verify before writing offers to avoid wasted time.

Question 4

Does FHA work for Camarillo's pricier neighborhoods?

Accepted Answer

FHA caps at conforming loan limits, which covers most Camarillo properties as of February 2026. Premium ranch estates above that threshold need jumbo financing instead.

Question 5

Should I refinance out of FHA later?

Accepted Answer

Usually yes if your credit improves. Conventional refinancing after two years eliminates permanent mortgage insurance and typically lowers your monthly payment despite refinance costs.

Question 6

How does FHA compare to VA loans in Camarillo?

Accepted Answer

VA wins on every metric for veterans: zero down, no mortgage insurance, better rates. FHA makes sense only if you don't qualify for VA benefits.

FHA Loans in Camarillo: Low Down Payment Access to Ventura County