Hello.
Because of credit, I am qualified for a FHA loan and not for a conventional loan. I believe there are extra fees at closing for a FHA loan which is not the case with the conventional loan.BTW, I can put 20% down now.
Financially, is it better to rent now for about 12 months and wait for conventional loan or go for a FHA loan now and refinance when eligible? Thank you.
Read more: Take FHA loan now or wait for conventional loan?
