FHA Loan vs. Conventional Loans (Mortgage): The Pros and Cons Before You Choose

FHA Loan vs. Conventional Loans (Mortgage): The Pros and Cons Before You Choose | NerdWallet

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Even though conventional loans account for more than 80% of home loans used to purchase homes in the U.S., mortgages aren't one size fits all. That's where an FHA loan comes in, but what is it and is it right for you? Home Nerd Kate Wood has got you covered.
Suggested Articles:
FHA vs. Conventional Loans: www.nerdwallet.com/article/mo...
FHA Loan: What You Need to Know:www.nerdwallet.com/article/mo...
What Is a Conventional Loan?:www.nerdwallet.com/article/mo...
Chapters:
0:00 - Intro
0:20 - General Information On Home Loans
0:42 - Conventional Loans Explained (Lending Standards)
0:54 - FHA Loans Explained
4:31 - Types of FHA Loans
5:15 - Comparing FHA Loans To Conventional Loans
6:41 - PMI Removal Tips
7:51 - Appraisals for Conventional Loans Explained
About Versus:
Versus is all about financial decisions and weighing your options. Our financially-savvy Nerds break down two similar product or services explaining why they are different and who they work well for. In the end, you will have an understanding of each option and what could work for you!
#NerdWallet #FHALoan #Mortgage
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FHA Loan vs. Conventional Loans (Mortgage): The Pros and Cons Before You Choose | NerdWallet
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Пікірлер: 13

@bababooey8688 5 ай бұрын

Thank you for that information. I am pulling out the last 7 strands of hairs on my head dealing with my home search. Thanks again.

@mercedezholder7706 Жыл бұрын

Thank you for explaining this. I’m currently in the market and this helps me look for better homes.

@joshharter2624 7 ай бұрын

Excellent video, very informative. As a part of high school graduation this should be required viewing.

@FoodReviewerByNusrat Жыл бұрын

very nice video

@cecilialynch6854 Ай бұрын

Great helpful info. 1.75% upfront for PMI and monthly payments! That seems crazy!

@lakcunha7654 Жыл бұрын

Good luck finding a lender who approves 500 even 580

@MoneyOpulence Жыл бұрын

This has been very insightful. I wish more KZfaqrs take the time to create quality content like this. Thanks for sharing this take on FHA and Conventional Mortgage. Keep it up!

@alex182618 11 күн бұрын

I like the explanation

@drea24c 2 ай бұрын

Wish I had found this video sooner.

@Zakdj27 10 ай бұрын

Why would a lender try to get an FHA loan for my sister and then change it to a conventional loan? She has some CC debt and wants to buy my deceased mothers home from the trust my mother setup. She already owns a 1/4 of the house.