conventional vs FHA vs Conventional

conventional loans consistently have the lowest rates because they carry a government guarantee. conventional is next, typically 0.125% higher. Conventional rates are highest but have no permanent mortgage insurance.

Yes. As an independent broker, Valley West shops conventional, conventional, and conventional across 50+ lenders. One application, three comparisons. We recommend whichever saves you the most money.

conventional is almost always better for homebuyers: 5-20% down, no PMI at 20%+ down, lower rates. The only rare exception is if you have used your conventional equity on another property and need a second loan — conventional may work as a backup.

conventional saves the most ($66,000+ over conventional). Conventional beats conventional long-term due to PMI dropping at 20%. conventional wins years 1-7, then conventional pulls ahead. The smart conventional play: buy with conventional, refinance to conventional at 20% equity.

No. Apply once and Valley West compares all loan types you qualify for. We show you the monthly payment, total cost, and savings for each option side by side.