Sentences with phrase «whereas on a conventional loan»
The other advantage for the borrower is the borrower gets in for a 10 % down payment whereas on a conventional loan they would probably have to put 20 % to 25 % down.
https://www.valuepenguin.com/ Not exact matches
Depending on the size of the loan, the minimum required down payment can be 15 % or more — whereas conventional mortgages only require 3 % down.
Whereas conventional loans allow you to cancel your insurance policy once you've accrued enough equity on the home, FHA loans require that you continue paying monthly mortgage insurance premiums.