As rules continually change in the financing world, FHA continues to show it's merit as our new best friend. The word on the street is that you now need 10% down for a conventional loan - no small feat for a first time buyer!! There are still effective 0 down programs with FHA and their rates are better too. Buh-bye conventional, hello FHA.
Fixed Conventional
30 year - 6.125%
20 Year - 6.00%
15 Year - 5.75%
30 Year Fixed FHA/VA
FHA - 6.00%
VA - 6.00%
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