Conventional
Compare mortgage insurance and the full payment.
Explore conventional →FHA LOANS
Another path to homeownership.
FHA-insured financing may work for eligible primary-home purchases or refinances. Compare its total cost and property rules with conventional options.
When this may be worth exploring.
A useful first step is matching the program to your goals and the property.
- You are purchasing or refinancing an eligible primary residence.
- You want to compare qualification paths and cash needed at closing.
- You are weighing an FHA option against conventional financing.
What to compare.
A lower upfront cost does not necessarily mean a lower long-term cost. Compare the whole transaction.
- Upfront and ongoing mortgage insurance.
- Property condition and appraisal requirements.
- Cash to close, payment and how long you expect to keep the loan.
Details that help John review your scenario.
You can call without having everything ready. These details make the conversation more useful.
- Purchase price and anticipated property type.
- Income, assets, debts and credit history.
- Available funds and any potential eligible gift or seller credit.
A few questions borrowers ask.
Requirements can vary by loan program and lender.
Is FHA only for first-time buyers?
FHA is not limited to first-time buyers; eligibility and occupancy requirements still apply.
Does the property matter?
Yes. The property must meet applicable appraisal and program requirements.
Related financing paths.
There may be more than one way to approach the same goal.
Manufactured home
Some eligible manufactured homes may have FHA options.
Explore manufactured home →TALK THROUGH YOUR SCENARIO
Start with a conversation.
Tell John what you want to accomplish. He’ll help you sort through the options and next steps.