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2. FHA loan vs. conventional loan: What homebuyers should know - AOL

   www.aol.com/finance/fha-loan-vs-conventional...

   Below are some of the key differences between FHA and conventional loans. Credit score requirements. Many FHA lenders will work with borrowers who have a FICO Score of 580 or higher. Some lenders ...

3. FHA vs. conventional loans: What’s the difference? - AOL

   www.aol.com/finance/fha-vs-conventional-loans...

   FHA loan interest rates run slightly lower than their conventional counterparts: in mid-May, for example, a 30-year fixed FHA loan for a $400,000 house was 6.8 percent, vs. 7 percent for a ...

4. FHA loans: Definition, requirements and limits - AOL

   www.aol.com/finance/fha-loans-134807555.html

   Basic home mortgage loan or 203(b) loan: The 203(b) loan is the FHA’s main home loan program for buying a home or refinancing. These loans come with fixed and adjustable-rate options, as well as ...

5. Here’s how much you need to make to afford a $400,000 house today

   www.aol.com/finance/much-afford-400-000-house...

   You typically need at least a 620 credit score to get approved for a conventional mortgage—though some FHA lenders may work with borrowers who have scores as low as 500 if they can provide a 10% ...

6. Are government loans easier to get? - AOL

   www.aol.com/finance/government-loans-easier...

   As of May 29, Bankrate data shows that average interest rates for 30-year FHA loans (7.12%) were slightly lower than those of 30-year conventional loans (7.17%), while rates for 30-year VA loans ...

7. How to shop for a mortgage: A guide for smart ... - AOL

   www.aol.com/finance/how-to-shop-for-a-mortgage...

   💡 How it works: Adjustable rates vs. fixed rates. For a $400,000 loan, choosing a 5/1 ARM at 6.30% instead of a 7% fixed rate could save you $514 monthly during the initial period — $2,476 ...

8. Mortgage application: What’s included and how to prepare - AOL

   www.aol.com/finance/mortgage-application...

   A loan officer can help you determine which loan is right for you and help you identify the loan’s terms and conditions. 44.8% Percentage of new mortgages that were conventional loans in 2023

9. FHA vs. VA loans: What’s the difference? - AOL

   www.aol.com/finance/fha-vs-va-loans-difference...

   Mortgage rates for FHA vs. VA loans Both loan programs can sometimes offer appealing rates. As of Nov. 27, 2023, the average 30-year FHA APR was 7.67 percent, compared to 7.02 percent for a 30 ...