STEP 1: Check your credit report and take ... Buyers who put down less than 20 percent of the purchase price on a conventional mortgage will generally be required to pay private mortgage insurance ...

Conventional loans Conventional loans are mortgages not ... but it helps with negotiations with home sellers as it shows you took the extra step to understand how much house you can afford.

You might also consider refinancing to a conventional mortgage if you have a decent amount of equity in your home and want to get rid of FHA mortgage insurance. If your home has gained value since ...

If your score is at least 580, an FHA loan is your best option. With a credit score of 620 or higher, a conventional loan could be a better choice. If you have a military connection, you might ...