At MproUSA, our goal is to make sure you’re always in the best mortgage for your financial situation.
For potential homeowners, especially first-time buyers, deciding what loan to choose can make all the difference in securing a mortgage. This page describes two of the most popular loan types: conventional mortgage loans and FHA mortgage loans. To determine which loan best suits your circumstances, take some time to consider the pros and cons of each and make an educated decision.
The Differences between FHA, VA, vs. Conventional
The differences between an FHA loan and a Conventional loan are many, but the differences in value are subjective:
- Conventional home loans are for those with a credit score over 720 and over 20% for down payment
- FHA home loans are for those with low credit scores and in need of down payment assistance
- A VA-guaranteed loan is a loan made by private lenders (such as banks, savings & loans, or mortgage companies) to eligible veterans.
There are many different types of loan available in today's market and with some of the lowest rates in many years.
It is a wonderful time to explore all your option when purchasing or refinancing a home loan.
Choosing the right type of Home Loan
Time to get a FREE, no obligation - Loan Option Report
Now it's time to have a Mortgage Pro USA specialist contact you and carefully analyze all your options. It's a free no obligation, Loan Option Report. The good news is that it can all be
done over the phone or we will come to you - we work for you!
Complete the short form and you will be contacted today by a Mortgage Professional
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Mortgage Pro U.S.A, L.L.C. license number Mb-0905899 NMLS #142065 licensed in Arizona located at 5107 E Lonesome Trail Cave Creek Az 85331
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