The Mortgage Files

Nationally syndicated mortgage news and advice from Senior Loan Officer Scott Sheldon.

FHA vs. Conventional Loans—Which Costs Less in the Long Run?

FHA vs. Conventional Loans—Which Costs Less in the Long Run?

By Scott Sheldon / June 2, 2024

When securing a mortgage for your home, choosing between an FHA loan and a conventional loan is a critical decision that could impact your financial strategy and long-term goals. Both loan types have distinct advantages and limitations, particularly regarding down payment requirements, seller credits, and private mortgage insurance (PMI). Down Payment Differences: One of the…

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