Fha Versus Conventional Mortgage

FHA vs Conventional Loan – What's My Payment? – Is an FHA loan better than a conventional loan? It’s not exactly the age old question, but FHA vs Conventional has become more relevant since 2008; when the housing market tumbled and lenders scrambled to replace their subprime menu. fha vs Conventional isn’t as difficult as some lenders would have you believe.Learn about the VA Jumbo loan, guidelines and potential down payment requirements.. 5 Comments. For a conventional jumbo loan, it's not uncommon for buyers to need 10 or 20 percent down, which would be anywhere from $60,000 to.

Now you know the pros and cons of FHA loans vs. Conventional loans. As you can tell by now, choosing between an FHA loan and a Conventional loan is not easy. Each situation is unique so do yourself a favor and consult with your trusted mortgage advisor to come up with a plan using your financial footprint.

The decision of whether to use an FHA loan or a conventional loan can sometimes be. You can save thousands of dollars over the life of your mortgage .

When to choose an FHA loan. The FHA versus conventional mortgage battle isn’t just about cost, though. Sometimes it’s about what’s possible in your financial situation. "Let’s be honest. The reason fha loans exist is for people who can’t qualify for conventional financing," said Fleming.