Should i do a conventional or fha mortgage loan (both fixed rates)?

Posted on May 21, 2024 in FHA Information

Question by cutebrowngirl: Should i do a conventional or fha mortgage loan (both fixed rates)?
Also what is the difference between the two loans? thanks.

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One Comment

  1. Dean L September 18, 2012

    Shop and find the best deal.

    Read the fine print, and choose the best deal paying no attention to acronyms, programs, or fancy names.

    Make sure you get in a loan that you can afford and are comfortable with the down payment. FHA is a Federal program designed to help moderate and low income people get into houses, they do not give loans, they guarantee them. Usually, FHA comes into play if you lack a significant down payment. If you have a good lender/broker you should not have to worry about whether your loan is FHA, or any other type of program. Your loan officer should take time to find the best fit. If you don’t have one who is looking at every option to make the best loan for YOU, go somewhere else.

    BTW – The answers below that are asking you to contact them are phishing scams, legit companies have their own domain ie. @bank.com