FHA vs Conventional Loans: Full Comparison
FHA loans require as little as 3.5% down and accept credit scores as low as 580. Conventional loans typically need 620+ credit and 3%+ down.
| Feature | FHA | Conventional |
|---|---|---|
| Min. Down Payment | 3.5% | 3% |
| Min. Credit Score | 580 (500 with 10% down) | 620 |
| Mortgage Insurance | Required all loans under 10% down; life of loan if <10% | PMI until 20% equity (removable) |
| Loan Limit (2025) | $524,225 (standard) | $806,500 |
| Current Rate | 6.65% | 6.85% |