Should I get an fha loan or a conventional loan? and Public Safety Minister Peter Van Loan

Should I get an fha loan or a conventional loan?

I have a credit score of around 730, no credit card debt just a car loan. I make around 28,000 a year so its kind of hard to save for a home. Should I get an fha or a conventional loan?


loan best answer:

Answer by Real Estate Guy
FHA is 3.5% down and conventional is 5% down. UNLESS your area is in a "declining market" and then it's 10% down. Your lender can tell you if it is.

There is also USDA with 0% down and state bond programs.

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Public Safety Minister Peter Van Loan


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Ministre de la Sécurité publique Peter Van Loan

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