Conventional or FHA Financing, which one is right for YOU?
31 May 1:32 pmIn 2023 there may be added benefits to inquiring about both options if you are in the market to buy a home. Often times in our more recent markets FHA financing has been frowned upon by listing agents, but that does not mean you shouldn’t explore your options. Below are some benefits of each type of financing: Benefits of FHA Loans: Lower down payment: FHA loans typically require a lower down payment compared to conventional loans. The minimum down payment requirement can be as low as 3.5% of the purchase price. Easier qualification: FHA loans have more flexible…
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