Video Transcript:
Everyone focuses on the down payment, but that’s a mistake. The real number is your cash-to-close. Two loans with identical down payments often require vastly different amounts. As David Ghazaryan, I structure these loans daily. The key isn't just the product, but how we assemble the components to minimize your required upfront cash. FHA requires a large upfront insurance payment, almost two percent. (Data may vary over time). Conventional loans demand you keep thousands in reserve, money you cannot touch. Here is the strategic advantage: an FHA loan lets the seller pay up to six percent of your costs. A comparable conventional loan often caps that at three. The system isn't random. FHA is built to prioritize access for buyers with less cash. Conventional lending prioritizes borrowers who already have more substantial liquid funds. This analysis continues on my social platforms and website, where the full article is posted. See the links below in the description for more detailed information.
Read Blog Here: https://www.iqratemortgages.com/blog/fha-vs-conventional-in-las-vegas-which-needs-less-cash
