3 articles on this topic.
1. Down Payment FHA: As low as 3.5% if credit score ≥ 580. Conventional: Minimum 3%–5% down (but often 5%+ to be competitive). Example: On a $400,000 home: FHA: ~$14,000 down Conventional: ~$20,000 (5%) or more 2. Credit Score Requirements FHA: More flexible – can go as low as 58
August 25, 2025 · 1 min read
FHA (Federal Housing Administration) loans are government-backed mortgages popular with first-time buyers because they allow low down payments (as little as 3.5%) and more flexible credit requirements. But FHA has strict property condition requirements. The home must be safe, sec
August 25, 2025 · 1 min read
FHA vs. Conventional FHA loans allow lower credit scores than conventional mortgages do, and are easier to qualify for. Conventional loans allow slightly lower down payments. FHA Conventional With FHA loans, mortgage insurance is required regardless of the down payment amount. Cr
January 26, 2023 · 2 min read