Personal Finance

FHA Loan vs. Conventional Mortgage: How to Choose


Even though conventional loans account for more than 80% of home loans used to purchase homes in the U.S., mortgages aren't one size fits all. That's where an FHA loan comes in, but what is it and is it right for you? Kate Wood has got you covered. Suggested Articles: FHA vs. Conventional Loans FHA Loan: What You Need to Know What Is a Conventional Loan? About Versus: Versus is all about financial decisions and weighing your options. Our financially-savvy Nerds break down two similar products or services explaining why they are different and who they work well for. In the end, you will have an understanding of each option and what could work for you! Subscribe to NerdWallet - Disclaimer: This video is for informational and educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks or securities. Any comments posted under NerdWallet's official account videos are not reviewed or endorsed by NerdWallet or representatives of financial institutions affiliated with the reviewed products unless explicitly stated otherwise. Avoid disclosing personal or sensitive information such as bank accounts or phone numbers. NerdWallet employees do not offer personalized financial advice and will not respond to posts here. Connect with NerdWallet: Follow NerdWallet on TikTok: Follow NerdWallet on Instagram: Follow NerdWallet on Twitter: Follow NerdWallet on Facebook: NerdWallet Website: FHA Loan vs. Conventional Mortgage: How to Choose | NerdWallet

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