Reported 2 days ago
FHA loans and conventional loans are both offered by private lenders, but FHA loans are federally insured, making them more accessible for borrowers with lower credit scores. While FHA loans require lower credit thresholds and down payments, conventional loans generally demand a higher credit score and offer potential savings in mortgage insurance costs for higher down payments. Choosing between the two depends on individual financial situations, credit scores, and down payment capabilities.
Source: YAHOO