Anonymous
Anonymous asked in Business & FinancePersonal Finance · 1 decade ago

If i have 20% down for 200,000 downpayment what kind of loan is better to get FHA or Conventional.?

If I have 20% down payment for a home of 200,000. What's a better loan to get FHA or conventional and why?

Thanks

5 Answers

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  • Ryan M
    Lv 7
    1 decade ago

    Conventional. FHA has a lot more hoops, whistles, and restrictions. Also, FHA interest rates are normally a little higher than a conventional.

  • 1 decade ago

    conventional loan is best if you can qualify ,

    .

    FHA loans are for people that can't qualify for a conventional , because of down payment or credit score usually

  • 1 decade ago

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  • 1 decade ago

    conventional. no one would go fha if they could go conventional. fha is inferior option

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    1 decade ago

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