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(702) 696-9900Check Rate
QUICK ANSWER — Conventional vs FHA: conventional better for 720+ credit with 10%+ down (no permanent MI). FHA better for under 700 credit with limited savings (3.5% down, flexible DTI). Valley West compares both free. NMLS #65506.
Reviewed by Vatche Saatdjian·NMLS #65506

Conventional vs FHA: Which Wins?

Conventional wins for 720+ credit with 10%+ down. FHA wins for lower credit and smaller savings. See the real math.

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790+
Reviews
No PMI
At 20% Down
50+
Lenders
28
Days Avg
COMPARISON

Head-to-Head Comparison

Conventional
FHA
Down Payment
5-20%
3.5%
Credit Score
620+
580+
PMI/MIP
Drops at 20%
Life of loan
Investment Property
Yes
No
Best For
720+ credit
Lower credit
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WHY US
The Valley West Difference
50+
Lenders competing for your loan.
$0
Application + processing fees.
28
Average days to close.
4.9★
790+ five-star reviews.
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REVIEWS

What Homebuyers Say

★★★★★

"Put 20% down, no PMI. Valley West got me 0.25% lower than my bank offered. Saved $180/month."

— Conventional buyer, Las Vegas
★★★★★

"Shopped 50+ lenders. Zero fees. Closed in 25 days on my investment property."

— Conventional buyer, Henderson
★★★★★

"Refinanced from FHA to conventional. Dropped MIP, rate went down. Saving $350/month."

— Refinance buyer, Summerlin

Conventional Resources

→ Requirements → Rates Today → Calculator → Credit Score Guide → Down Payment → Conv vs FHA → First-Time Buyer → Pre-Approval → Closing Costs → Compare All Loans
FAQ

Questions? Answered.

720+ credit with 10%+ down. PMI drops at 20% equity vs FHA permanent MIP. Also for investment properties and second homes.

Under 700 credit, less than 5% down, or DTI above 50%. FHA is more forgiving on all three.

Yes — this is the smart play. Buy with FHA, build equity, refinance to conventional at 20% to drop MIP. Valley West handles both.

Depends on credit and down payment. At 740 credit with 20% down, conventional is much cheaper. At 620 credit with 3.5% down, FHA wins.

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Also: VA Loans → · FHA Loans →

conventional rates from 5.750%
(702) 696-9900Check Conventional Rate