Conventional VS FHA Mortgage

downside of fha loans

The Federal Reserve left interest rates unchanged and dialed back projections for further rate hikes in 2019, as inflation remains tame and economic growth slows. officials also updated their economic projections, trimming the number of rate hikes they foresee this year from two to zero.

Pros embraces fha-backed home loans. Offers several types of construction. Electronic document submissions and online updates. services its loans after closing. Cons Mobile app is only for current.

VA income and credit guidelines are more relaxed than those for FHA, and especially conventional mortgages. VA loan cons Despite the advantages that VA mortgages provide, the potential is real that.