qualifying for a mortgage: FHA and Conventional loans - Differences in very simple terms! - 12/30/08 11:58 PM
Alot of people that I have talked to in the past couple of weeks have been confused between the differences of FHA and Conventional loans. So, I hope this simple explanation helps with all of your questions dealing with mortgage loans.
FHA requires less money down - 3.5%. Conventional (Fannie Mae (2 comments)
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