Conventional Loans: 3%-5% down payment FHA Home Loan - 3.5% down payment USDA and VA - 0% down Payment denise@yourmortgagenerd.com www.YourMortgageNerd.com
There will be PMI on any mortgage typically is you don't put down the 20%. Putting down that much otherwise would kind of be just like throwing a bunch of money away when it was not necessary.
Hi Denise, I work for a Title company and have moved to a different department where I need to deal with all the lender deals.. can you connect with me on Facebook and help me understand the mortgage in us better. please let me know.. I will wait for message
![FHA vs. Conventional Loans: Which is Better? [#AskBP 045]](/img/n.gif)
thank you
Thank you Denise - super helpful!
Expected to learn about loans, didnt expect to fall in love.
Can I share this video on my FB page?
For conventional I thought you had to come up with 20% down I was stressing out good info.. if you go with a conventional is there a PMI?
There is a PMI with conventional if you do not put down 20%. The purpose of the 20% is to avoid the PMI.
There will be PMI on any mortgage typically is you don't put down the 20%. Putting down that much otherwise would kind of be just like throwing a bunch of money away when it was not necessary.
Thank you. I love you. ;)
Hi Denise,
I work for a Title company and have moved to a different department where I need to deal with all the lender deals.. can you connect with me on Facebook and help me understand the mortgage in us better. please let me know.. I will wait for message