FHA vs. Conventional Loans

FHA vs. Conventional Loans: Home Mortgages Compared

FHA vs. Conventional Loans: Home Mortgages Compared

Right now, FHA home loans are incredibly popular, with the most common loan offered being the 203(b) loan for home purchase. Many borrowers like FHA loans due to their extremely lenient credit requirements and relatively low interest rates. While FHA loans do have a lot of benefits, many borrowers choose to go with conventional loans, such as Fannie Mae loans, Freddie Mac loans, or other privately-insured mortgages.