4 Reasons To Choose A Conventional Loan Over An FHA Loan

Many people automatically believe that they should go for an FHA loan if they are a first-time homebuyer. However, there may be reason to go for a conventional home loan instead. Here are four reasons why: You Qualify for a Low Down Payment Anyway: If you are only interested in an FHA loan because of the low down payment, which is 3.5%, you may actually be able to receive the same thing if not a little bit less with a conventional home loan.