FHA vs Conventional Loan (Good Credit)

[William Henry]

I will be purchasing a duplex in 2020 to househack and have started to research different loan options. The most common loan I have come across is the FHA loan at 3.5%. What is the benefit for using an FHA loan compared to a conventional if I have credit score of 800? I only want to put down 3.5%

[Chris Mason]

Originally posted by @William Henry:

I will be purchasing a duplex in 2020 to househack and have started to research different loan options. The most common loan I have come across is the FHA loan at 3.5%. What is the benefit for using an FHA loan compared to a conventional if I have credit score of 800? I only want to put down 3.5%

Then the advantage of FHA is you can actually do it, at all, with the down payment specified. :)