Credit and down payment
FHA allows FICO scores as low as 580 with 3.5% down. Conventional generally starts at 620 and allows 3%–5% down for qualifying buyers.
Mortgage insurance
FHA charges upfront and monthly MIP that usually stays for the life of the loan. Conventional PMI is monthly (or single-premium) and drops automatically at 78% LTV.
Which fits better
FHA often wins for lower scores or higher debt ratios. Conventional often wins on total cost when credit is strong. Your loan officer can model both side by side.
Key takeaways
- FHA is more flexible; conventional is often cheaper long term.
- Compare total cost, not just the rate.
Frequently asked questions
Apply Now
Start your application
Quick, secure, mobile-friendly.
Ask Cesar AI
Get instant answers
24/7 mortgage AI assistant.
Calculator
Run the numbers
Payment, affordability & refi tools.
Consultation
Book a meeting
Talk to a licensed advisor.
Contact
Reach the NexGen Capital team
We'll respond within one business day.