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FHA or USDA loan?

I live in NY and I’m shopping around for a conventional loan with a 3% down payment. I have a student loan and paying $300 a month to be fully paid in 2 years. Should I get an FHA or USDA loan? by stevelim888 from Eagle Bay, New York. Nov 9th 2021 Reply


USDA and FHA are two excellent loan options. ... USDA loans allow zero down payment, but there are location and income restrictions to qualify. FHA loans are more flexible about income, credit, and location, but have higher upfront costs.

Nov 9th 2021
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Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 4,535 contributions

The only person who can give you that advice is a Loan Officer who has fully reviewed your application, and had a conversation with you over your wants, needs, and goals, along with the program differences. Both are good programs. I lend in MN WI IA ND SD - Find me at JoeMetzler.com - Cambria Mortgage, NMLS 274132

Nov 11th 2021
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