FHA vs. Conventional Loans

FHA loans generally allow lower down payments and more flexible credit requirements, while conventional loans can cost less long-term for borrowers with stronger credit, since mortgage insurance can be removed once enough equity builds.

Which one costs less depends on the borrower's credit score, down payment and how long they plan to keep the loan.

Rick Carrier, NMLS #268110, The Carrier Mortgage Team, Innovative Mortgage Services, Inc. (Company NMLS #250769). Call (281) 767-6700.