As FHA loans become more expensive, will conventional be the better option for first time home buyers?Mark DiMercurio | August 20th, 2015
FHA continues to raise it's mortgage insurance premiums because they claim that they are running in the red. Private mortgage insurance insures conventional financing with as little as 3 percent down. It is also much easier to remove when you get to an equity position over 80%. Here is some good information on private mortgage insurance. If you would like some addtional information and how it compares to FHA, call us today at 925-513-0444.