How much you can borrow matters when you’re comparing conventional vs. fha loans. fha loan limits are determined based on where you plan to buy and the median home prices in that area. conventional loans typically adhere to the same limit, regardless of the market you’re buying in.
The FHA program has guidelines on the types of properties that they will approve. Your future home will also have to be inspected by a HUD-approved appraiser. The level of inspection may be more.
Home Interest Rates Fha fha loan disadvantages FHA Mortgage – Ross Mortgage Corporation – An FHA mortgage is loan made through an FHA approved mortgage lender and insured by the Federal Housing Administration. The FHA backs qualified loans provided by Ross Mortgage Corporation to promote. Disadvantages. Loan.