Fha Fixed Mortgage

What Is The Fha Whats Better Fha Or Conventional Loan Conventional loans vs. fha loans; conventional: FHA: minimum credit requirements: 620: As low as 500: Down payment requirements: As little as 3%: As little as 3.5%: PMI/MIP requirements: If your down payment is less than 20%, you’ll pay pmi. You can request it to be removed once you have an 80% LTV ratio, or automatically at 78%.