Summary: FHA loans have benefits like low down payments, but drawbacks include mandatory mortgage insurance. Analysis: Neutral.

From Yahoo Finance: 2024-08-07 15:00:00

FHA loans are government-backed mortgages with lenient eligibility requirements compared to conventional loans. Benefits include lower down payments and credit score requirements, but drawbacks include mandatory mortgage insurance. Alternative loans like VA, USDA, and conventional loans offer different benefits and eligibility criteria. Consider all options before choosing a mortgage.

Read more: The pros and cons of FHA loans