First-Time Buyers Are Choosing Conventional Over FHA Financing
Pro Builder
MARCH 1, 2021
Mon, 03/01/2021 - 09:43. An increasing number of first-time buyers opted for conventional, conforming loans rather than FHA-insured mortgages in January. NAR says FHA financing can often be more expensive due to the mortgage insurance. 30-year fixed-rate mortgage and private mortgage insurance of 1.5%. cbroderick.
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