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3% Down Conventional Mortgage vs. 3.5% Down Payment FHA Loan Contd...

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Mortgage and Lending with FAIRWAY Independent Mortgage Corp

3 percent down conventional mortgage vs 3 and a half down payment FHA loan discussion continued

A continuation of last week's conversation about 3% down conventional mortgages versus 3.5% down payment FHA loans.  Ken Pederson of FAIRWAY Independent Mortgage explains in more detail the pros and cons of both the FHA mortgage using 3.5% down and the 3% down payment conventional loan product, taking into account monthly payment and seller assistance guidelines.