Some pointers: 🔹 FHA Loan is backed by the government. Ideal if you have a lower credit score, as the mortgage insurance is cheaper and the interest rates might be lower for scores under 700. 🔹 Conventional Loan is not government-backed. If you can put down 20% or eventually build that much equity, you can say goodbye to mortgage insurance! The bottom line is if your credit score isn't perfect, but still good enough to qualify, an FHA loan might save you money. Got questions or need more info? 📞✨ We are here to help! Leave a comment or send us a message. #homebuying #mortgagetips #realestate #firsttimehomebuyer #homeloan #fhaloan #conventionalloan #tylertexasrealestate #realtorlife #tylertexasrealtor #deemartinsells #deemartinrealtygroup #remax #bullardtx #chandlertx #easttexas -------------- Keep up with our team of East Texas real estate experts! Website: https://www.deemartinsells.com/ Instagram: https://www.instagram.com/deemartinrealtygroup/ Facebook: https://www.facebook.com/deemartinsells