The lowest long-run cost for most borrowers.
Fannie Mae and Freddie Mac financing from 3% down, with mortgage insurance that comes off once you reach 20% equity.
Conventional PMI is temporary. It comes off automatically at 78% of the original value, and you can request removal at 80%. FHA mortgage insurance generally doesn't. Over a decade that difference alone can be worth tens of thousands.
Conventional pricing moves more with credit score and down payment than government programs do. Twenty points of credit score can change your rate meaningfully, which makes it worth knowing exactly where you sit before you lock anything in.
The assumption that conventional requires 20% down is the most persistent myth in this business. Eligible buyers can go as low as 3%.
Fifteen minutes and you'll know — including if the answer is a different program entirely.
Automatically once the balance reaches 78% of the original value, and you can request removal at 80%. An appraisal showing appreciation can sometimes get you there sooner.
No. That's the threshold for avoiding PMI, not for qualifying. Eligible buyers start around 3% down.
Not always. If your credit or debt ratios don't support conventional pricing, FHA can be both cheaper and more likely to approve. It's worth running both.
Fifteen minutes on the phone will tell you more than an hour of reading. No pressure, no obligation.