Which is Better: Fha or Conventional?
With Fha’s increase of their Monthly Mortage Insurance Premium this past April along with Conventional’s reduced down payments, Conventional Loans have become more and more attractive for many homebuyers. The minimum amount of down payment and the Monthly Mortgage Insurance Premium are considerably less on a Conventional Mortgage. In addition, Conventional Loans do not require an Upfront Mortgage Insurance Premium as Fha loans do. However, Conventional Loans generally require a higher Credit Score than Fha Loans. Contact John to see what is best for you.
