Fha Equity Loans Conventional Mortgage Vs Fha FHA and conventional loans are the top 2 types of mortgage loans used in America today. There are several key differences when comparing FHA vs conventional mortgages.FHA loans are easier to qualify for because they require just a 580 credit score and a 3.5% down payment.[TRD] Government will back more condo loans amid cooling housing market. The U.S. arm of Henley, a United Kingdom-based.
Mortgage interest rates are historically low, and the conditions are ideal for U.S. borrowers to refinance a home loan. Often, homeowners refinance to get a better interest rate, to access cash, to lock in a low fixed rate or to shorten their loan term.
FHA refinance loans and the FHA streamline refinance allow borrowers to reduce the interest rate on their current mortgages.