NexGen Capital
# FHA vs. Conventional Loans
The two most common mortgage products in America — but which one saves you the most?
## FHA Loans
- 3.5% down with 580+ FICO
- Upfront + monthly MIP for life of loan
- More flexible on debt-to-income
## Conventional Loans
- 3% down for first-time buyers
- PMI drops off at 20% equity
- Requires stronger credit (typically 620+)
## Which wins?
If your credit is strong (700+) and you have 5%+ down, conventional almost always wins long-term. If you're rebuilding credit or need flexibility, FHA is a workhorse.
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