Hi, I'm looking into getting my first house, I live in a bit expensive area, I'm looking at credits, FHA vs conventional, the average rental here would be around 1,600, so If I decided to wait one year to save more money and get a bigger down payment, I'd lose 19,200. My score credit according to fico is 763, and my target is about 200,000. So my main concern is not the insurance (which will be less than that) but the cash on hand needed at the time of the closing, Wich would be a better choice?
Thanks!
Submitted October 19, 2018 at 01:05PM by droi86 https://ift.tt/2QWVrFw
