or 30 years – then conventional mortgages are for you. FHA loans only come in 15 or 30-year fixed rate terms. To determine which loan is better for you – conventional vs. FHA – have your loan officer.
FHA vs. conventional: Which should you choose? In the end, choosing between an FHA and conventional loan depends on your priorities and situation. If you are interested mainly in keeping a lid on your long-term mortgage costs, and you have good credit, a conventional mortgage is probably your best bet, said Fleming.
Refi Calculator Comparison Fha Rate Term Refinance The State of FHA’s Single-Family Mutual Mortgage Insurance Programs – The Department of Housing and urban development (hud) recently released the quarterly report on FHA single-family. covered.