FHA vs Conventional Loan Types: Which is Right for Me? In general, an FHA loan allows for lower credit scores and can be easier to qualify for. On the other hand, conventional loans may not require mortgage insurance with a large enough down payment. So in the end, the benefit of one over the.
FHA vs. Conventional Loans. FHA loans allow lower credit scores than conventional mortgages do, and are easier to qualify for. Conventional loans allow slightly lower down payments.