FHA vs. conventional loans: Which is better for you?

Navigating the choice between FHA and conventional loans often comes down to your credit profile and long-term goals. FHA loans can be a lifeline for buyers with credit scores as low as 500 and offer a 3.5% minimum down payment, though they do require mortgage insurance for the entire loan term. On the other hand, conventional loans typically call for a 3–5% down payment, a minimum 620 credit score, and mortgage insurance that you can eventually cancel. Over the years I've helped a diverse range of clients—whether you're just starting out, rebuilding credit, or have a stronger financial background—find the right fit for their situation. Understanding these options can open the door to homeownership, even if your credit isn't perfect.