Do lenders get greater incentives for certain types of loans?
I spoke with a Quicken Loan lender just to get a quick estimate of what kind of price range I was looking at for my first REI (also first home purchase). The lender stated that the best route for me was an FHA loan. When I inquired about the loan (because of the books I read), the theme of the conversation from him seemed to be "trust me I've looked for the best option for you.
I had a separate conversation with another private Realtor who owns his own company. I am in search of a duplex and he mentioned he had some deals going on. He directed me toward his lender, whom I will entertain. He mentioned that I should look into a conventional loan.
So my question is, is there an incentive for the lenders on what type of loan is offered? Would the QuickenLoans lender be hooking me up with an FHA loan because he is getting paid more? Would the local lender be suggesting a conventional loan because they are getting paid more?