Who Is a Conventional Loan For Mostly?

Who Is a Conventional Loan For Mostly?

Who is a conventional loan really for? Most people assume conventional is the best route—but it depends on your credit score, down payment, and financial goals.

✅ If you’ve got a 700+ credit score and a decent down payment, conventional loans can work in your favor.

BUT—even with a 3% down option for first-time home buyers, you might still face:
👉 Higher interest rates than FHA
👉 Private Mortgage Insurance (PMI)
👉 Rate adjustments based on your credit and how much you’re putting down

🎯 Bottom line: Conventional is great for strong borrowers—but FHA might be better for some first-time buyers.
Watch now to learn which loan truly fits YOU.

#ConventionalLoan #HomeBuyingTips #FirstTimeHomeBuyer #MortgageAdvice #FHAvsConventional #HomeLoanHelp #MortgageRates #RealEstateTips #PMIExplained #HomeLoan2025 #BuyingAHouse #LoanOptions #MortgageBreakdown #DownPaymentTips