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  2. FHA vs. conventional loans: What’s the difference? - AOL

    www.aol.com/finance/fha-vs-conventional-loans...

    Here are the pros and cons of each. ... FHA loan vs. conventional loan. ... for example, a 30-year fixed FHA loan for a $400,000 house was 6.8 percent, vs. 7 percent for a comparable conventional ...

  3. FHA loans: Definition, requirements and limits - AOL

    www.aol.com/finance/fha-loans-134807555.html

    Credit score minimum. 620. 580 with a 3.5% down payment or as low as 500 with at least 10% down. Down payment minimum. 3% for fixed-rate loans; 5% for adjustable-rate loans

  4. Pros and Cons of FHA-Backed Mortgages - AOL

    www.aol.com/news/2014-01-17-pros-and-cons-of-fha...

    The difference of just 0.25% on your mortgage interest rate can compound into tens of thousands of dollars over the span of a 30-year The mortgage you select will make a tremendous impact on your ...

  5. Guide to first-time homebuyer loans and programs - AOL

    www.aol.com/finance/guide-first-time-homebuyer...

    That said, many first-time buyers go with a 30-year, fixed-rate mortgage because the monthly payments are lower and more predictable. Two popular 30-year fixed-rate choices: conventional loans and ...

  6. 15-year vs. 30-year mortgage: Which is right for you? - AOL

    www.aol.com/finance/15-vs-30-mortgage-215934391.html

    30-year mortgage pros and cons A 30-year mortgage may give you more breathing room in your monthly budget, and it’s generally easier to qualify for. But you’ll pay far more in interest.

  7. FHA vs. VA loans: What’s the difference? - AOL

    www.aol.com/finance/fha-vs-va-loans-difference...

    Mortgage rates for FHA vs. VA loans Both loan programs can sometimes offer appealing rates. As of Nov. 27, 2023, the average 30-year FHA APR was 7.67 percent, compared to 7.02 percent for a 30 ...

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