Posts: 8,697
Registered: ‎03-06-2010
Re: Possible FHA loan questions.

tooleman694 wrote:

That is even more of a reason to go conventional, the 3 percent down with conventional is cheaper than the 3.5 percent down with FHA.

Toolman - are you sure? I thought the 3% down payment applied strictly to fannie mae conventional loan for a fannie mae foreclosure. Otherwise the minimum is 5% down for a regular conventional loan.