FHA vs. Conventional Loans: What's the Difference?

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Consumers qualify for various types of mortgages based on their financial profiles. A lot of mortgages tend to be conventional loans. But there are others that are backed and insured by the Federal Housing Administration (FHA). While both allow consumers to finance the purchase of a home, there are several key differences between the two.

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Original Article Source Credits: Investopedia, https://www.investopedia.com/

Article Written By: Lisa Goetz

Original Article Posted on: 4th September 2020

Link to Original Article: https://www.investopedia.com/ask/answers/082616/whats-difference-between-fha-and-conventional-loans.asp