Two of the most common loan products available today are FHA (Government insured loan product) and Conventional financing (Conforming to Fannie Mae and Freddie Mac Guidelines). How do I know which loan works best for me?
One program is not necessarily better than the other; rather, the best loan program is dependent upon your financial situation. Factors that affect your loan program choice are based on credit score, down payment, and debt-to-income ratio.
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