FHA vs. 5% Conventioal

[Jason Polykoff]

Hi BP!

I've been told by two different lenders that the 5% conventional is a better/cheaper route to live-in investments than FHA loans. Can someone confirm or deny? What are the differences? What are the pros and cons to each?

Thanks BP!

[Tom Wagner]

Originally posted by @Chris Mason:

The question is purely academic and theoretical, in this market the FHA offer will just be thrown in the trash, without even being presented to the seller, no matter your offer, by the listing agent. This isn't 2019...

Overarching statements like this aren't helpful, not everyone is investing in Oakland and there are plenty of people landing properties with FHA-backed offers. I landed one this year in one of the most competitive counties in the country, Hudson County, NJ.