fha vs conven

[Anonymous]

What is really the big difference between the two? One requires 3.5 and the other 5 percent. Does you're score for both need to be 620 plus.

Does the con need pmi as well?

[cdtotten]

There is a sticky at the top of the forums addressing this question:

http://ficoforums.myfico.com/t5/Mortgage-Loans/Evaluating-Conventional-vs-FHA-VA-amp-USDA/td-p/69616...

Yes, conventional under 20% DP requires PMI.