Why You Should NOT Get a Conventional Loan | Is FHA the Better Option?

Описание: Thinking about getting a conventional loan? Before you make that decision, discover why it could end up costing you more and how an FHA loan might actually be the smarter, money-saving choice. In this video, I break down the key differences between FHA vs conventional loans and show real-life examples so you can clearly see which option works best for your situation.

We’ll go over credit score requirements, mortgage insurance costs, and how each loan type affects your monthly payment and buying power. By the end, you’ll understand why a conventional loan isn’t always the “safe” choice and how FHA could give you more flexibility and savings. Watch until the end so you can make the most informed decision before buying your next home!

📣 Connect with the MTMG team NATIONWIDE! Start here: 👨‍💼
https://greatmortgagebroker.com

🤝Click here to CONNECT to a GREAT AGENT in your area:
https://homeandmoney.com/matt/

Follow me on:
▶ Instagram:   / mattthemortgageguyum  

▶ Facebook:   / mattthemortgageguyum  

▶ TikTok:   / mattthemortgageguy  

Subscribe NOW for more mortgage/real estate/finance straight talk:
▶    / @mattthemortgageguy  

Visit my website for more info
▶ https://mtmg.com/

Business inquiries contact me at
▶ [email protected]

A few videos that might be helpful:

Matt The Mortgage Guy 💪 Greatest Hits:
▶ Reacting to REDFINS 2022 Housing Market Pr... 👉    • Reacting to REDFINS 2022 Housing Market Pr...  

Lower ⬇️ Your Mortgage Payment:
▶ 1-0 Buydown | Lower Your Mortgage Payment ... 👉    • 1-0 Buydown | Lower Your Mortgage Payment ...  

Real Estate Investing 💰 For Beginners:
▶ High earners guide to scaling real estate ... 👉    • High earners guide to scaling real estate ...  

Buying or Refinancing?

APPLY NOW:
▶ https://mtmg.com/apply-online/

More info on buying:
▶ https://mtmg.com/buy/

More info on refinancing:
▶ https://mtmg.com/refinance/

00:00 – Why conventional might be the wrong loan for you
00:36 – Conventional basics: credit score impact on rate and MI
01:20 – Scenario setup: 640 score, $450k price, low down
01:54 – Rate comparison: FHA vs conventional (payment gap)
02:52 – Mortgage insurance comparison (big monthly difference)
03:58 – Cash to close similar, FHA payment far lower
04:10 – When property forces conventional and why to compare
04:31 – Debt-to-income caps: 50% vs 57.99% (more buying power with FHA)
05:35 – Risk-based PMI on conventional vs flat FHA MIP
06:09 – Down payment notes (3% conventional exists)
06:32 – Who should use what: VA, FHA, conventional
06:52 – Don’t assume: always do a side-by-side
07:01 – Get help running the analysis
07:09 – Free Home Buying 101 course announcement
07:49 – How to access and next steps
08:07 – Contact info and sign-off

Why You Should NOT Get a Conventional Loan | Is FHA the Better Option?
#conventionalloans #fhaloan #mattthemortgageguy