Q: We have good credit of approximately 730. The requirements are met by me both for FHA and mainstream 97. We intend to are now living in the house for 6+ years. Which includes lower re re payments and what’s the distinction between the FHA loan and loan that is conventional? Additionally exactly what are the guidelines around shutting costs?
A: Hi Dave. Many thanks for issue. First let’s begin with the difference that is main the FHA and main-stream loan programs.