Comparing Fannie Mae and FHA for First Time House Buyers – First time home buyers have many choices of mortgage loans available to them. Two of the most common are first time home mortgages that are backed by the federal housing administration (fha) and the federal national mortgage association (Fannie Mae).Both of these entities offer attractive home loan programs with low down payments and reasonable credit scores.
Fha Funding Fee 2017 Difference Between Conventional And Fha Loans FHA vs. Conventional Loans in Plain English | US News – An FHA loan is a mortgage issued by a federally approved bank or financial institution that, unlike a conventional mortgage, is insured by the Federal Housing Administration. This mortgage insurance provides the security that qualified lenders need in order to take on a riskier loan.Fha Vs Va Mortgage FHA vs Conventional Loans: Which Mortgage is Better for You? – · As an estimate, you can figure between 0.5% and 1% of the loan amount. Just like fha mortgage insurance, the amount decreases as you pay the balance of the loan down. There is one major difference between the two loan types, though. The FHA ) lasts for the duration of the loan.