Not every buyer belongs in an FHA loan.
And if you have strong credit, you should absolutely ask why FHA is being recommended.
FHA can be a great tool for the right buyer. It can help when credit, debt-to-income ratio, or qualification challenges make conventional financing harder.
But it is not automatically the cheaper option just because the rate looks lower.
FHA can come with upfront mortgage insurance added into your loan amount. Depending on your credit score, down payment, and long-term plan, a conventional loan may actually save you more money.
The right loan strategy is not about what sounds easiest.
It is about what fits your numbers, your timeline, and your future payment comfort.
Comment “OPTIONS” if you want to compare FHA and conventional before you choose.
— Richard Sarey, your go-to independent mortgage broker in Frisco Texas
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