Don't get steered into an FHA mortgage until you know this

This is why you should avoid getting an FHA loan if you're buying a house in 2026 and have a good credit score. My name is Nate, I'm a top 1% loan officer licensed in 14 states and every day I help home buyers avoid making mistakes like this. So if this is helpful for you, please make sure you give my page a follow. Now let me break this down. Loan officers will always want to steer you into FHA because they make more money with it. And they'll tell you things like it has a lower rate, which can be true, but they'll leave out one really big fact. Show your FHA has a lower interest rate, but it also comes with an upfront fee that you wouldn't have with a conventional loan. It's almost 2% of the loan amount and in this person's case, it's nearly $8,000. And the other really important thing that lenders leave out is the fact that FHA has permanent mortgage insurance. When you go with a conventional loan and you put less than 20% down, you'll pay PMI, but only until you reach 20% equity based on the original value of the home. But with FHA, you'll pay MI always. It never goes away until you refinance into a conventional loan. So why give the bank another $8,000 if you don't have to? That's your equity. Look, if this is confusing to you, I totally understand. So if you want my help to review which loan program makes the most sense for you, click the link in my bio to set up a free 15-minute call.