FHA vs Conventional loanI have plenty of money now to finance a FHA loan in the price range that I am hoping to buy in, as well as money for closing costs and repairs. It would take about 3+ years to come up with 20% to put towards a conventional loan and have an emergency fund. This would probably be Ideal as I would not have to pay mortgage insurance for the life of the loan but I am worried that if I wait 3+ years I would miss out on taking advantage of the suffering market and lower interest rates. What are your thoughts?December 08 2012 - Holiday Park00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.