what are the differences between the FHA and CONVENTIONAL loan ?
Dan did a good job laying out the differences, so I won’t even comment on that. As far as which one is better, that all depends on your individual needs and borrowing capabilities. It does no good analyzing a 20% down conforming loan if you are only comfortable putting 10% down. Likewise, since your credit score can impact the rate you are able to qualify for this may throw the comparisons off. Grecia, you should speak with a local, reputable lender and have them tell you which programs you yourself qualify for based on your income, credit, and assets.
