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which one should i get fha or conentional loan?

Profile picture for nntong2007
current loan blance 325000; home value 320000; you think i can get conventional loan? thanks
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February 07 - US
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Answers (4)

Profile picture for TheMortgageMark

It all depends on what type of mortgage your currently have?  Talk to a couple lenders in your area or post a loan request on Zillow and someone can help you compare all the options avaialble to you. 

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February 07
Have you looked at mortgage quotes on Zillow Mortgage Marketplace?  You can shop for rates anonymously.  You can also compare rates and fees with different lenders.
 
Thanks,
Candace
Zillow Customer Support
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Profile picture for tawnylynn
Have you checked to see if your current loan is owned by Freddie Mac or Fannie Mae? You may qualify for a HARP refinance and the beauty of this conventional loan program is NO Mortgage insurance! This would be better than an FHA refinance. Just Google Fannie Mae Look Up and Freddie Mac Owned and enter your property address information. This is the first step. The next step would be to call your bank or mortgage broker.
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Profile picture for CMG Financial
What type of loan do your currently have and what is your interest rate?
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