FHA is great for a interest rates and LOW downpayments. Conventional is great for lower payments.

Here is the kicker. FHA now has strick stipulations regarding HOA and Condo association deliquency rates! This means that if a certain percentage of people in a particular complex dont pay their dues, an FHA loan will be denied by the lender.

Many changes are taking place right NOW in the mortgage industry. Stay on top of the current trends. Consult a Realtor.

-Patrick Mace, FREE Buyers agent
Sellers agent.
www.PatrickMace.com
443-535-3555