3.5% down vs 5%

Questions3.5% down vs 5%
Corrine Fifield asked 5 years ago

The lender I have been speaking with mentioned putting 5% down instead of the 3.5% we had originally planned (we planned to do FHA) would save us in mortgage insurance. Does that mean we would be doing conventional instead? My mid score is 683 I believe. Do conventional mortgages offer lower mortgage insurance rates?

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