Posted on: 09th Jan, 2014 12:00 pm
What is the difference between a conventional loan and a FHA loan?
Hi Jozie,
FHA loans are insured by the Federal Housing Administration and there are specific lenders who offer these loans. Conventional loans, on the other hand, are offered by local banks or financial institutions.
Thanks
FHA loans are insured by the Federal Housing Administration and there are specific lenders who offer these loans. Conventional loans, on the other hand, are offered by local banks or financial institutions.
Thanks
Hi Jozie,
Conventional loans have stricter lending criteria compared to that of FHA loan.
Conventional loans have stricter lending criteria compared to that of FHA loan.
To know the difference between conventional loan and FHA loan, you may visit http://homeguides.sfgate.com/difference-between-fha-conventional-home-loan-9459.html