if given the option, should i go with a FHA or Conventional home loan?

Hi Smitty14, a general answer is conventional would be better if you qualify. However, every situation is different and you should review all your options. I am a Direct Conventional and FHA lender here in NJ. I would be more than happy to offer you a free consultation and Pre Approval. Call me 347 231 4444(Peter Botros) or email me PBotros@OmegaLoans.net i look forward to hearing from you!

Definitely conventional if you qualify.. FHA charges 1.75% upfront (which can be financed), and 1.35% annual premium if you put the minimum 3.5% down. And with FHA, you pay MI for the life of the loan. With conventional, there is no Upfront MI, and the monthly MI is lower.. also with conventional, if your home value increase and you have greater than 20% equity, you can get the MI removed after 2 years.. .. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

If you qualify, definitely us a conventional loan.

Alot more information is needed to answer your question. Please give me a call Peter 732 489 9598 www. HOMEMORTGAGEXPERT.COM 855 411 LEND I am in your NJ area

It is always better to go Conventional if you are able to be approved.I work for Sun Bank which is a New Jersey BankIf you want to discuss it in more detail, please contact me:James Mazzola732-501-4249jmazzola@sunnb.com

If you can qualify for conventional, it is better than an FHA loan, because you will not be required to have mortgage insurance for the entire life of the loan.

Conventional will save you money now, as well as later.

When advising a client as to which program is better form them , it depends on a few things: >credit scores ( if you have low scores you could find yourself paying more for your monthly MI going conventional PMI , then you would FHA) ( conventional is great if you have high enough scores and a higher downpayment)> how much they have available for the down payment (FHA -3.5%, conventional - 3% , but mostly 5% > how much they have for closing cost or do they need seller concessions ( seller closing costs help) (FHA allows 6% seller concessions, while Conventional only allows 3% , uless you have a down payment >5%I hope this helps you, if not feel free to contact me directly : emarez@thefederalsavingsbank.com