FHA Loan vs. Conventional Loans (Mortgage): The Pros and Cons Before You Choose | NerdWallet

Even though conventional loans account for more than 80% of home loans used to purchase homes in the U.S., mortgages aren't one size fits all. That's where an FHA loan comes in, but what is it and is it right for you? Home Nerd Kate Wood has got you covered.
Suggested Articles:
FHA vs. Conventional Loans: www.nerdwallet.com/article/mo...
FHA Loan: What You Need to Know:www.nerdwallet.com/article/mo...
What Is a Conventional Loan?:www.nerdwallet.com/article/mo...
Chapters:
0:00 - Intro
0:20 - General Information On Home Loans
0:42 - Conventional Loans Explained (Lending Standards)
0:54 - FHA Loans Explained
4:31 - Types of FHA Loans
5:15 - Comparing FHA Loans To Conventional Loans
6:41 - PMI Removal Tips
7:51 - Appraisals for Conventional Loans Explained
About Versus:
Versus is all about financial decisions and weighing your options. Our financially-savvy Nerds break down two similar product or services explaining why they are different and who they work well for. In the end, you will have an understanding of each option and what could work for you!
#NerdWallet #FHALoan #Mortgage
Subscribe to NerdWallet - bit.ly/3wGvVf3
About NerdWallet:
We’re NerdWallet. And we’re not your typical finance company. We believe that everyone should be able to make financial decisions with confidence. We’ve built a team of Nerds with the knowledge, passion, and skills to make that happen. Thanks to our Nerdy experts, see side-by-side comparisons and objective reviews of the best credit cards, bank accounts, and so much more - so you can get even more financial clarity. It’s the smartest decision for all your financial decisions.
Disclaimer: This video is for informational and educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks or securities. Any comments posted under NerdWallet's official account videos are not reviewed or endorsed by NerdWallet or representatives of financial institutions affiliated with the reviewed products unless explicitly stated otherwise. Avoid disclosing personal or sensitive information such as bank accounts or phone numbers. NerdWallet employees do not offer personalized financial advice and will not respond to posts here.
Connect with NerdWallet:
Follow NerdWallet on TikTok: / nerdwallet
Follow NerdWallet on Instagram: / nerdwallet
Follow NerdWallet on Twitter: / nerdwallet
Follow NerdWallet on Facebook: / nerdwallet
NerdWallet Website: nerdwallet.com
FHA Loan vs. Conventional Loans (Mortgage): The Pros and Cons Before You Choose | NerdWallet
/ nerdwallet

[@bababooey8688]

Thank you for that information. I am pulling out the last 7 strands of hairs on my head dealing with my home search. Thanks again.

[@MoneyOpulence]

This has been very insightful. I wish more UA-camrs take the time to create quality content like this. Thanks for sharing this take on FHA and Conventional Mortgage. Keep it up!

[@mercedezholder7706]

Thank you for explaining this. I’m currently in the market and this helps me look for better homes.

[@lakcunha7654]

Good luck finding a lender who approves 500 even 580

[@joshharter2624]

Excellent video, very informative. As a part of high school graduation this should be required viewing.

[@cecilialynch6854]

Great helpful info. 1.75% upfront for PMI and monthly payments! That seems crazy!

[@FoodReviewerByNusrat]

very nice video

[@alex182618]

I like the explanation

[@drea24c]

Wish I had found this video sooner.

[@Zakdj27]

Why would a lender try to get an FHA loan for my sister and then change it to a conventional loan? She has some CC debt and wants to buy my deceased mothers home from the trust my mother setup. She already owns a 1/4 of the house.

[@ej.24.19]

your shelves are a little crooked

[@RM-jb2bv]

WHO tf is FHA for?!!!!