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

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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.

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

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

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

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Thank you so much. You did one of the best job of explaining FHA loan. So basically you don't win either way with a FHA loan, because your paying high in insurance.

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Good luck finding a lender who approves 500 even 580

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Thank You, very helpful and informative. And Enjoyable! Will share.

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Fun fact, you can get up to 50% dti with most conventional loans

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

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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.

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This was a great explanation!! Thank you!

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Wish I had found this video sooner.

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So you are stuck with private mortgage insurance with an FHA loan, even after you achieve 20% equity?

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Yeah but it lasts for 11 years

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Looks that way if you put less than 10% down. If you put 10 or more it only last 11 years.

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I and my man were told that the credit score must be 580 and his is 550 to get an fha loan

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very nice video

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I like the explanation

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Thank you so much

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I had to have a 640

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Really worrying about the important stuff here

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I mean no malice but you explained this as if you’re not confident or NW attorneys informed you not to commit to any information provided. I understand viewers will find this video informative but its basic info you’ll find on any brochure. Viewers should already have basic knowledge of what’s mentioned before considering large debts. For some viewers, maybe this isn’t your thing and thats fine. Spend the time seeking professionals based on reliable ratings. Just keep in mind it’s all designed to push the debt. It is ALL designed to push debt. If you understand the last sentence then you’ll probably be fine and have an understanding regarding the steps best for you.

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WHO tf is FHA for?!!!!

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Oh you go homeless from rental after 40 years at yahoo?

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