Found 1 blog entry tagged as conventional loan.

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Realtor.com writes, "FHA versus conventional loan: If you need a mortgage to buy a house, you may find yourself weighing these two options. What’s the difference, and which one is right for you?

While the majority of homebuyers might assume they should get a conventional home loan, about 40% end up with FHA loans, which are insured by the Federal Housing Administration.

To help you decide whether an FHA or conventional loan is better for your circumstances, here’s more information about each, including their distinct advantages to you as a home buyer as well as what you’ll need to qualify (which may vary by lender).

Conventional loan requirements

Minimum down payment: 3% to 20%
Minimum credit score: 620
Maximum debt-to-income ratio: below…

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