Fha Loans California

Qualification For Fha Mortgage FHA Loan Requirements and Guidelines for 2019 | The Lenders. – FHA loans are very popular because they are one of the easiest types of home loans to qualify for. If you have a credit score of 500-579 you may qualify with 10% down. If you have at least a 580 credit score the required down payment is 3.5%.

CalHFA FHA Loan FHA loan limits for CALIFORNIA allow borrowers find their FHA borrowing power in their area of the country. CALIFORNIA FHA limits can change based on many factors. These including average home prices in your area. FHA loan imits also increase with the number of units.

Fha First Time More people pay their mortgages on time, but how long will this good news last? – Meanwhile, the FHA has seen notable declines in average credit scores and is approving low-down-payment purchasers with DTI ratios well above 50 percent. Steps like these may appear – and be – helpful.

2019 Loan Limits: FHA, VA, & Conforming – The limits are typically higher than FHA loans – 484,350 in most counties. VA loan limits equal the conforming one-unit limit. You can have a VA loan above the loan limit, but you’ll have to make a down payment. mortgage rates 2019 FHA & Conforming Loan Limits Increased

Fha Loan Second Time Home Buyer Fha Mi Premium CALHFA ZIP 2ND 2.0% – mwfwholesale.com – Page 2 of 10 Rev 04-09-2019 These program parameters pertain to the housing agency’s guidelines as of the status date noted on this Program Overview.Fewer first-time home buyers likely to qualify for mortgages under tougher FHA standards – The FHA, which insures mortgages for borrowers with spotty credit who can’t afford a larger down payment, said it will put riskier loans through a more rigorous review. That likely will mean a larger.

California FHA Loans | California Mortgage – California FHA Loan. These loan limits apply everywhere in the state (as well as for the refinance of an existing home too). The California FHA home loan allows you, as a first time home buyer or any qualified California home buyer, to purchase a home with only a 3.5% down payment. If you already have an FHA Loan and want to improve your terms,

FHA Home Loans in California, Mortgage Refinancing – California home refinance loans increase with FHA mortgage loans to $417,000 even for borrowers refinancing with less than perfect credit. Unfortunately, many California consumers have had to stick it out, trying to make the payments for their increasing adjustable rate mortgages when the loan amounts was greater than $362,000, but eased restrictions will benefit thousands of homeowners.

Fha Mi Premium Mortgage insurance is a policy that protects lenders against losses that result from defaults on home mortgages. fha requirements include mortgage insurance primarily for borrowers making a down payment of less than 20 percent. Current Up-Front Mortgage Insurance Premium The UPMIP is currently at 1.75% of the base loan amount.Fha First Time Home Buyer Program FHA.com Reviews. FHA.com is a one-stop resource for homebuyers who want to make the best decisions when it comes to their mortgage. With our detailed, mobile-friendly site, individuals can access information about different FHA products, the latest loan limits, and numerous other resources to make their homebuying experience easier.

Butte County California FHA Loan Limits and Rates – CA. – Butte County California FHA Loan Limits and Rates. The FHA loan limits in Butte County, California are as follows: Chico, CA Single – $293,250 Duplex – $375,400 Tri-plex – $453,750 Four-plex – $563,950 Butte County, California is located north of Sacramento.

California FHA loan limits vary for each California County. The FHA Loan Limits are set by HUD, and they are recalculated on an annual basis. The limits are based on a percentage calculation of the nation conforming loan limit. The 1 unit (single family) limits are calculated by factoring in the median price value of homes within the specific.

Loan Limits in California . California has 58 counties with FHA Limits ranging from a low of $314,827 for a 1-bedroom unit in Butte County to a high of $1,397,400 for a 4-bedroom unit in Alameda County. For more details about the loan limits (including fha limits, HECM Limits, and Fannie Mae & Freddie mac loan limits) in any of California’s counties, choose the county from the interactive map.

Fha Loans 2016

FHA loan changes 2016 FHA Guidelines Changes for 2016 – FHA Loan Changes 2016 – Classifications Requiring a Downgrade to Manual Underwriting . The lender must downgrade and manually underwrite any Mortgage that received an Accept recommendation if: . 1. the mortgage file contains information or documentation that cannot be entered into or evaluated by FHA; 2. additional information, not considered in the AUS recommendation affects the overall.

Fha Loan Qualify How To For 2016 – Fhaloanlimitsnorthcarolina – qualify for fha loan 2016 | Fhalendernearme – 2016 FHA Guidelines – Gustan Cho Associates – 2016 FHA Guidelines in qualifying for a 3.5% down payment home purchase fha loan is the borrower to meet a minimum of a 580 FICO credit score. borrowers with credit scores between 500 FICO and 579 FICO credit scores can qualify for FHA Loans, however, 10% down payment will.

FHA Appraisal Guidelines in 2019 – What the Appraiser. – Note: This page was updated in January 2019 and to include the latest information on FHA appraisal guidelines and requirements for 2019. If you use an FHA loan to buy a house, the property will have to be appraised and inspected by a HUD-approved home appraiser.

Fha Loans First Time Home Buyer Fha First Home Buyer – Lake Water Real Estate – Contents -time homebuyers. applicants expert advice. purchasing Personal loans options : payday loan Philippine stock exchange (pse) Available Assistance The First Time Home Buyer’s Program offers assistance to eligible applicants in the form of a second mortgage up to 10 percent As the name suggests, the program is only available to first-time homebuyers. applicants must.

FHA: Different Treatment For Income & Debt. For today’s home buyers who plan to use an FHA-insured home loan, mortgage guideline modifications may make it more difficult to get qualified.

What are FHA Kiddie Condo Loans? – Mortgage.info –  · The name of the FHA Kiddie Condo Loans is a little deceiving. As the name suggests, you would think the program is for parents buying a condo for their kids.

U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT – 2 Mortgagee Letter 2016-08, Continued Background W ith the implementation of Handbook 4000.1, FHA required Mortgagees to calculate a monthly payment for deferred Student Loans using 2 percent of the outstanding balance, and include the

Fha Mi Premium Fha First Time Home Buyer Program Ready to renovate? Here’s how to budget and pay for it. – A Federal housing administration (fha) 203(k) or fannie mae homestyle renovation loan. The HomeStyle Renovation loan.For many homeowners with FHA loans, a mortgage insurance premium (MIP) is required for the life of the loan policy, which is up to 30 years. Again, MIP for an FHA loan is different than PMI on a conventional loan.Fha First Time Home Buyer Program First Time Home Buyer Programs NC – NC Mortgage Experts – Filed Under: fha mortgage loans, First Time Home Buyer Tagged With: fha mortgage, first time home buyers, irs, mortgage, nurse, overtime, student loan debt, va mortgage. First Time Home Buyer Programs in NC. March 19, 2019 By Eleanor Thorne 14 Comments

Mortgage rates have been steadily falling throughout 2016.. On average, FHA loans closed with a mortgage rate of 3.98% in the month of.

On December 7, 2017, the Federal Housing Administration (FHA) announced changes to the 2018 loan limits for FHA Forward and FHA-insured traditional Home Equity Conversion Mortgages (HECM). Loan limits will increase for FHA Forward loans in almost every county across the nation, due to an increase in home values.

Qualifying For Fha Loan 2016 – Inspector Houston – Learn how to qualify for a home loan in 2019 before working with a lender. Find out what qualifying for a mortgage takes with today’s minimum mortgage requirements. fha loan questions: identity of Interest Transactions. For some FHA home loans, a higher down payment may be required when there is an "identity of interest" transaction.

Fha First Time Q&A: Are FHA Loans Just for First-Time Home Buyers. – Here's a question we get a lot: Are FHA loans just for first-time home buyers, or can anyone use them to buy a house? The short answer is no, FHA loans are not .Fha Loan Second Time Home Buyer Many first time home buyers seem to think they’re either stuck with only one or two mortgage loan options, or they’re looking for a specifically tailored loan for the first time buyer. However, the truth of the matter is as a first home buyer you have a lot of options. Depending on your financial situation, you may find yourself with any one of many options for financing that first house.

Fha Loan Second Time Home Buyer

Buying a Home with an FHA Loan. First Time Home Buyer Loans. This fha loan program was created to help increase homeownership. The FHA program makes buying a home easier and less expensive than any other types of real estate mortgage home loan programs Read more

Qualification For Fha Mortgage FHA Loan Requirements and Guidelines for 2019 | The Lenders. – FHA loans are very popular because they are one of the easiest types of home loans to qualify for. If you have a credit score of 500-579 you may qualify with 10% down. If you have at least a 580 credit score the required down payment is 3.5%.

HUD.gov / U.S. Department of Housing and Urban Development (HUD) – We have two loan products – one for those who own the land that the home is on and another for mobile homes that are – or will be – located in mobile home parks. Ask an FHA lender to tell you more about FHA loan products.

HUD.gov / U.S. Department of Housing and Urban Development (HUD) – Home / Buying / Loans. Let FHA Loans Help You. fha loans have been helping people become homeowners since 1934. How do we do it? The Federal Housing Administration (FHA) – which is part of HUD – insures the loan, so your lender can offer you a better deal.

Lenders offer new options for first-time and credit-challenged homebuyers – If you’re a renter pining to become a homeowner or a foreclosure or short-sale victim, you may think that a home loan is out of reach. However, home loan products and homebuyer. “FHA Plus” program.

These little nuances may affect mortgage options for first-time buyers – Being a first time buyer in today’s housing market is not what it used to be. The specific programs for first-time home.

Many first time home buyers seem to think they’re either stuck with only one or two mortgage loan options, or they’re looking for a specifically tailored loan for the first time buyer. However, the truth of the matter is as a first home buyer you have a lot of options. Depending on your financial situation, you may find yourself with any one of many options for financing that first house.

The FHA Loan is the type of mortgage most commonly used by first time home buyers and there’s plenty of good reasons why. FHA Loan Guide Learn About FHA Requirements!

The Benefits of Getting a Loan from Quicken Loans We’re an FHA-approved lender and process FHA loans every day. You get a completely online application with less paperwork.

Fha Mi Premium CALHFA ZIP 2ND 2.0% – mwfwholesale.com – Page 2 of 10 Rev 04-09-2019 These program parameters pertain to the housing agency’s guidelines as of the status date noted on this Program Overview.

First Time Home Buyer House Hunt Update #2 | FHA 203k Loan Fewer first-time home buyers likely to qualify for mortgages under tougher FHA standards – The FHA, which insures mortgages for borrowers with spotty credit who can’t afford a larger down payment, said it will put riskier loans through a more rigorous review. That likely will mean a larger.

Fha Mi Premium

CALHFA ZIP 2ND 2.0% – mwfwholesale.com – Page 2 of 10 Rev 04-09-2019 These program parameters pertain to the housing agency’s guidelines as of the status date noted on this Program Overview.

Fha First Time Home Buyer Program Ready to renovate? Here’s how to budget and pay for it. – A Federal housing administration (fha) 203(k) or fannie mae homestyle renovation loan. The HomeStyle Renovation loan.

For many homeowners with FHA loans, a mortgage insurance premium (MIP) is required for the life of the loan policy, which is up to 30 years. Again, MIP for an FHA loan is different than PMI on a conventional loan.

The Up Front Mortgage Insurance Premium payments go into an escrow account set up by the U.S. Treasury Department and the funds are used to protect the government in case the borrower defaults on the FHA loan.

Everything you need to know about mortgage insurance – Everything you need to know about mortgage insurance. october 24, 2017. Mortgage insurance, referred to as PMI, is a monthly pain in the budget. On the other hand, it makes buying your first home possible when you don’t have a big down payment.

 · FHA loans: The mortgage first-time home buyers love [Infographic] FHA 203k loan – Buy and fix up a home with one loan in 2019

Mortgage insurance is a policy that protects lenders against losses that result from defaults on home mortgages. FHA requirements include mortgage insurance primarily for borrowers making a down payment of less than 20 percent. Current Up-Front Mortgage Insurance Premium The UPMIP is currently at 1.75% of the base loan amount.

Fha First Time  · Getting a good loan is always important, and it’s an especially big deal for first-time homebuyers.First-time buyers are often just getting on their feet financially, so they benefit from borrower-friendly loan features like easier approval and down payment assistance.

PDF U.s. Department of Housing and Urban Development Washington. – The mortgage insurance premium rates as shown in Appendix 1.0 attached to this ML are reincorporated into the FHA Single Family Housing Policy Handbook 4000.1.

Trump blocked FHA mortgage-insurance cut — here’s what that means – What changed with FHA rates? On Dec. 27, the Department of Housing and Urban Development announced that premium rates for mortgage insurance on loans backed by the Federal Housing Administration would.

Fha Loans First Time Home Buyer FHA vs Conventional Home Loans | U.S. Bank – While not the only options, the most popular choices among home buyers are conventional loans and government-backed fha loans. With their more flexible lending requirements, FHA loans are well-suited for first-time home buyers, particularly because those with lower credit scores may be accepted.

Split Premiums | Essent Guaranty – Our split premium mortgage insurance (MI) option may be good for a borrower who wants to reduce the monthly MI premium in order to qualify for a larger loan amount. It offers ultimate flexibility because the cost of MI can be divided into a single, upfront premium payment and a lower monthly payment.

Can I deduct mortgage insurance premiums? – ttlc.intuit.com – The deduction for mortgage insurance premiums has expired and was not renewed by Congress. Not on your tax year 2018 return; this deduction expired at the end of 2017. For tax year 2017, the answer is yes, provided you itemize and the insurance contract was issued after 2006.

Qualification For Fha Mortgage How To Qualify For An Fha Mortgage – How To Qualify For An Fha Mortgage – We are offering to refinance your mortgage payments today to save on interest and pay off your loan sooner. With our help you can lower monthly payments.

Fha First Time Home Buyer Program

FHA Home Loans And First time home buyers – fhanewsblog.com – FHA Home Loans And First Time Home Buyers. FHA home loans are perfect for many first time home buyers who are looking for low down payment requirements, forgiving credit score guidelines, and a home that features refinance options later down the line for cash-out, rehab and repair, etc.

Fortunately, there are first-time home buyer programs, grants, and down-payment assistance available. Here are 10 first-time homebuyer programs and grants you should apply for before buying a house. Speak to a lender and check current rates. 1. HUD First Time Home Buyer Programs

Fha First Time Carson: Government considering ending use of False Claims Act against FHA lenders – “The FHA plays a significant role in providing credit for first-time, low- to moderate-income and minority homebuyers,” Dimon wrote in his 2017 letter to shareholders. “However, aggressive use of the.

Kentucky First Time Home Buyer Programs for 2019 –  · Kentucky First Time Home Buyer Mortgage Loans and Programs for the First time buyer. rural Housing USDA Loans, 100% Financing KHC Down payment assistance grants FHA Loans and VA home loans with zero down. Kentucky First-time home buyers call or email today for your same day free mortgage pre-approval.KY FHA, VA, RHS, Fast closings!-

How Smart a Home Buyer Are You? – You needn’t be a first-time home buyer, but your income. fannie mae offers a similar 3% down program, called Home Ready..

FHA.com Reviews. FHA.com is a one-stop resource for homebuyers who want to make the best decisions when it comes to their mortgage. With our detailed, mobile-friendly site, individuals can access information about different FHA products, the latest loan limits, and numerous other resources to make their homebuying experience easier.

Fha Loans First Time Home Buyer FHA FHA First Time Home Buyer – FHA Government Loans – FHA First Time Home Buyer. Low-Interest Loans, Credit Assistance, and Expert Advice. Purchasing a home is one of life’s major landmarks and for some, it is even a dream come true. Here at FHA Government Loans we understand the magnitude of this decision and it is our goal to make your transition into home ownership unforgettable.Qualification For Fha Mortgage How Do You Qualify For An FHA Loan? – FHA News and Views – Credit Qualifications For FHA Mortgages. FHA loans require the borrower to have a minimum FICO score and minimum employment history. fha loan rules specify a minimum FICO score of 580 or higher for the lowest down payment (also known as “maximum financing”).

Apply Online FHA First Time Home Buyer . We will use this information to work with you and determine the best options available to you. An FHA Home Loan Specialist will review your information and respond within one business day.. note- This site uses secure SSL software to protect your personal information.

FHA FHA First Time home buyer mortgages for Condominium Units (Section 234c) This program insures the loan for a person who purchases a unit in a condominium building. FHA FHA First Time Home Buyer Bad Credit Mortgage Lenders – FHA mortgage approvals with min 580 fico score with 3.5% down. And FHA mortgage loan approvals down to 530 with 10%.

7 Things Not to Say When Buying a House! First Time Home Buyer Programs NC – NC Mortgage Experts – Filed Under: FHA Mortgage Loans, First Time Home Buyer Tagged With: fha mortgage, first time home buyers, irs, mortgage, nurse, overtime, student loan debt, va mortgage. First Time Home Buyer Programs in NC. March 19, 2019 By Eleanor Thorne 14 Comments

Ready to renovate? Here’s how to budget and pay for it. – A Federal Housing Administration (FHA) 203(k) or Fannie Mae HomeStyle Renovation loan. The HomeStyle Renovation loan.

Fha First Time

VA, FHA & USDA Home Loan Programs | First.firsthomebuyers offer va, FHA & USDA Home Loan programs for first time home buyer. We make buying your 1st home simple, fun, exciting, & hassle-free. Apply Now!

FHA Loans for a First-Time Home Buyer – Mortgage101.com – FHA (Federal Housing Administration) loans are popular with first-time home buyers. FHA loans are easier to get and have some advantages over conventional.

Better Mortgage now offers FHA loans on its website – FHA loans require lower minimum credit scores and down payments than conventional mortgages, making them appealing for first-time homebuyers and millennials saddled with student debt. The company’s.

Fha Loans First Time Home Buyer FHA vs Conventional Home Loans | U.S. Bank – While not the only options, the most popular choices among home buyers are conventional loans and government-backed fha loans. With their more flexible lending requirements, FHA loans are well-suited for first-time home buyers, particularly because those with lower credit scores may be accepted.

FHA Loans | First Time Home Buyers | Atlantic Bay Mortgage Group – If you're a first-time homebuyer, you may hear about the FHA loan as a possibility. But, why? Is there a special reason why the FHA loan is so appealing to a.

City of Pittsburgh First Time Home Buyer Program. Unfortunately, as of 3/2018, the PHOP is temporarily closed.Go to the PHFA page to learn about Pennsylvania’s home buyer programs for first time home buyers and non-first time home buyers, including down payment and/or closing cost assistance. The City of Pittsburgh provides low interest rate home loans for the purchase of new or.

More people pay their mortgages on time, but how long will this good news last? – Meanwhile, the FHA has seen notable declines in average credit scores and is approving low-down-payment purchasers with DTI ratios well above 50 percent. Steps like these may appear – and be – helpful.

Qualification For Fha Mortgage Want an FHA Loan? It’s About to Get More Difficult – Since they require very low down payments-starting at 3.5%-and have lenient credit requirements, these loans are often used by home buyers who wouldn’t otherwise be able to qualify for, or afford, a.

No FHA premium cut coming; Flagship insurance fund falls in 2017 – Sponsor Content According to the FHA, the MMI Fund’s economic net worth fell $1.9 billion and the capital ratio declined from 2.35% last year to 2.09% this year. The decline marks the first time in.

 · Getting a good loan is always important, and it’s an especially big deal for first-time homebuyers.First-time buyers are often just getting on their feet financially, so they benefit from borrower-friendly loan features like easier approval and down payment assistance.

Carson: Government considering ending use of False Claims Act against FHA lenders – “The FHA plays a significant role in providing credit for first-time, low- to moderate-income and minority homebuyers,” Dimon wrote in his 2017 letter to shareholders. “However, aggressive use of the.

Q&A: Are FHA Loans Just for First-Time Home Buyers. – Here's a question we get a lot: Are FHA loans just for first-time home buyers, or can anyone use them to buy a house? The short answer is no, FHA loans are not .

What Are FHA Home Loan Requirements? | FHA First Time Home Buyer Requirements Down Payment Assistance for First time buyers – FHA – The FHA home loan can be used with many types of down payment assistance grants and charity programs around the country.

Fha Loans First Time Home Buyer

Qualification For Fha Mortgage How Do You Qualify For An FHA Loan? – FHA News and Views – Credit Qualifications For fha mortgages. fha loans require the borrower to have a minimum FICO score and minimum employment history. fha loan rules specify a minimum FICO score of 580 or higher for the lowest down payment (also known as “maximum financing”).

The Fully Accessible Guide to Home Loans for. – The Simple Dollar – The Fully Accessible Guide to Home Loans for People with. Whether you're in the market for a new home or you're a first-time buyer, this guide has. An FHA- backed mortgage is sometimes informally called an FHA loan.

First Time Home Buyer Options With FHA Loans. – First Time Home Buyers Know the Basics and Improve Your FHA Loan Chances. As a first-time homebuyer, there might be a lot of unknowns. Whether it’s the mortgage lingo, type of home loans, or even down payment requirements, the flood of new information can be overwhelming.

FHA Loans: The Loan First-Time Home Buyers Love – What is an FHA first time home buyer loan? An FHA loan is a mortgage that is offered by private lenders and backed by the Federal Housing Administration. It features a low down payment, low interest rates, and a lower minimum credit score. What are the FHA first time home buyer benefits?

FHA Loans – Truity Credit Union – Home loans insured by the federal housing administration cane make it. FHA loans are great for first-time buyers and those with less-than-perfect credit.

Fha First Home Buyer – Lake Water Real Estate – Contents -time homebuyers. applicants expert advice. purchasing Personal loans options : payday loan Philippine stock exchange (pse) Available Assistance The First Time Home Buyer’s Program offers assistance to eligible applicants in the form of a second mortgage up to 10 percent As the name suggests, the program is only available to first-time homebuyers. applicants must.

Mortgage Loans For First Time Home Buyers – Florida Home Funding – The FHA loan program has always been popular with first time home buyers because it requires a lower down payment (as low as 3.5%) and accepts borrowers with lower credit scores. There are also several different types of FHA programs available to borrowers, such as the rehab and energy efficient mortgage.

FHA vs Conventional Home Loans | U.S. Bank – While not the only options, the most popular choices among home buyers are conventional loans and government-backed fha loans. With their more flexible lending requirements, FHA loans are well-suited for first-time home buyers, particularly because those with lower credit scores may be accepted.

How Much Does It Actually Cost To Buy A Home? - First Time Home Buyers FHA FHA First Time Home Buyer – FHA Government Loans – FHA First Time Home Buyer. Low-Interest Loans, Credit Assistance, and Expert Advice. Purchasing a home is one of life’s major landmarks and for some, it is even a dream come true. Here at FHA Government Loans we understand the magnitude of this decision and it is our goal to make your transition into home ownership unforgettable.

Qualification For Fha Mortgage

What Is an FHA Mortgage Loan – Requirements, Limits. – What Is an FHA Mortgage Loan – Requirements, Limits & Qualifications. when a borrower defaults on an FHA loan, the Federal Housing Administration’s insurance policy protects the lender from financial losses.. Non-delinquent borrowers can refinance any type of conventional loan.

Qualifying for FHA Home Loan in 2018 FHA Loan Requirements and Guidelines for 2019 | The Lenders. – FHA loans are very popular because they are one of the easiest types of home loans to qualify for. If you have a credit score of 500-579 you may qualify with 10% down. If you have at least a 580 credit score the required down payment is 3.5%.

How Do You Qualify For An FHA Loan? – FHA News and Views – Credit Qualifications For FHA Mortgages. FHA loans require the borrower to have a minimum FICO score and minimum employment history. fha loan rules specify a minimum FICO score of 580 or higher for the lowest down payment (also known as “maximum financing”).

How to Qualify for an FHA Loan | KeyBank – If you want to purchase a home but aren't sure if you have the means to do so, here's what you need to know in order to qualify for an FHA loan.

qualifications fha loan [Quick Approval Loans!] – Qualifications Fha Loan. Go here to apply for Quick and easy Advance Loan. [Quick Approval!] When people refinance mortgage loan, it requires various qualifications fha loan obtaining a established loan and use it to stay an important credit in which was already during the past collateralized making use of residence or maybe other sorts of property.

Want an FHA Loan? It’s About to Get More Difficult – Since they require very low down payments-starting at 3.5%-and have lenient credit requirements, these loans are often used by home buyers who wouldn’t otherwise be able to qualify for, or afford, a.

How To Qualify For An Fha Mortgage – How To Qualify For An Fha Mortgage – We are offering to refinance your mortgage payments today to save on interest and pay off your loan sooner. With our help you can lower monthly payments.

Do I Qualify for a Mortgage? Minimum Required Income. – Home Loan income qualification calculator.. Please note that federal governmental loans from the VA, the FHA & the USDA have their own loan qualification requirements. We publish an overview table comparing various home loan options.

Conventional Versus FHA: Which Should You Choose? – Do You Qualify For Both? You have a choice between FHA and conventional mortgages only if you qualify for both. Then you can select the one that will cost you the least over the period you hold it,