A common misconception is that FHA loans are for first-time home buyers and conventional mortgages are for more established buyers but that is not necessarily true. It can be true in some cases but not all. 

FHA loans are insured by the Federal Housing Administration, and conventional mortgages aren't insured by a federal agency but rather by private lenders. Both types of loans have their advantages for any type of buyer, but qualification requirements will differ. As you will see in the comparison above. 

If you are interested in getting in contact with a knowledgeable and reputable lender, I know the perfect person! Contact me and I'll connect you both so she can discuss which loan is best suited for you! Even if you are not ready at this exact moment it is still best to connect with a lender so you can find out exactly what you need to work on to get you on track to homeownership 🏡 

If you have any further questions please do not hesitate to reach out! 😊

Email: iris.perez@jhagents.com or call/text (805) 827-0782