FHA or Conventional? And why I love Reverse Mortgages!

Created on February 20, 2011 using FlipShare.

Conventional 3% down Vs. FHA 3.5%

The Mortgage insurance premiums have come down a lot recently, making it very beneficial for Home Buyers to use conventional financing with a smaller down payment than FHA.

Conventional Loans from Mateo Mortgage

APR 6.5% We can do your conforming loan. FHA VA we have it.

Is there a mortgage insurance premium charge at closing for conventional loans?

I know there is a mortgage insurance premium around 1.5% when you close on a FHA loan, but I was wondering if the same charge apply when you close on a conventional loan