Our mortgage reporter, Rhonda Porter, on FHA mortgages:
I've been providing more and more FHA loans over conforming lately. It's really not too surprising. FHA pricing has been very competitive with both rates and mortgage insurance-especially if your credit score is below 740 and if you don't have 20% for a down payment. FHA mortgages can go up to 97% loan to value (3% down) on purchases.
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