FHA Loan
First-Time Buyer Friendly
Low down payment. Flexible credit.
FHA loans are backed by the Federal Housing Administration and designed to make homeownership more accessible — especially for first-time buyers or those with less-than-perfect credit.
Conventional Loan
If you have good credit and a stable income, a conventional loan might be the right option for you, since conventional loan programs traditionally offer:
- Lower interest rates for borrowers with good or great credit
- Down payments range from 3% - 20%
- Fewer fees
- Flexible mortgage insurance options, if applicable (mortgage insurance not always necessary)