Buying a house is complicated, with more than its share of intimidating paperwork and legalese – especially for first-time buyers. One way to minimize the stress is to get a loan pre-approval that you can hang onto while you shop for the perfect house.
But which type of loan should you try to acquire? The first decision to make is whether to look for an FHA mortgage loan or a conventional mortgage loan. There is no perfect choice for all home buyers – which one is right for you depends upon your specific circumstances.
FHA vs. Conventional Mortgages