• Vicki Ahmadi

Product Comparison: FHA vs Conventional Loan

At Geneva Financial, our first responsibility is to ensure the best possible outcome for your financial investment.

Below is a comparison of the two most widely-used mortgage products, Conventional and FHA. Your Geneva loan officer is here to help you determine the best route for a sound financial decision.


-3.5% Down Minimum 580 credit score

-Must be primary residence

-Mortgage Insurance included in monthly payment

-Down payment can be a gift

-Non-occupant co-borrower allowed Seller allowed to contribute towards closing costs

Conventional Loan

-Primary residence or investment

-3% Down (first-time homebuyer only)

-Minimum 620 credit score

-NO Mortgage Insurance if more than 20% down

-Down payment can be a gift

-Seller allowed to contribute towards closing costs

Contact your local Geneva Financial mortgage professional today to find out what option is right for you! We are here to help you on your journey to homeownership.

Copyright©2019 Geneva Financial, LLC, NMLS #42056

This is not a commitment to make a loan. Loans are subject to borrower qualifications, including income, property evaluation, sufficient equity in the home to meet LTV requirements for refinances, and final credit approval. Approvals are subject to underwriting guidelines, interest rates, and program guidelines. Approvals are subject to change without notice based on the applicant’s eligibility and market conditions. Geneva Financial LLC is not acting on behalf of or at the direction of HUD/FHA or the Federal Government. Geneva Financial LLC is approved to participate in FHA programs but the products and services performed by Geneva Financial LLC are not coming directly from HUD or FHA. Geneva Financial LLC #42056 is an Equal Opportunity Lender and Equal Housing Lender. 3155 S. Price Rd Chandler, AZ 85248. AZ#0910215 Corporate: 3155 S. Price Road • Suite 105 • Chandler • AZ • 85248

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