– We’ve talked about the upside. Now let’s look at three disadvantages of an FHA loan. Here they are: Mortgage Insurance Premium (MIP) Easily, this is the biggest downside of the FHA program. A borrower from this type of home loan has to have mortgage insurance.
What are the Possible Disadvantages of an FHA Loan? – What are the Possible Disadvantages of an FHA Loan? One great way finance a home purchase or refinance an existing mortgage is through the FHA home loan program. With more lenient lending standards and very little down payment required, the FHA loan as gain so much popularity.
Advantages and Disadvantages of FHA 203K Rehab Loan – Advantages and Disadvantages of FHA 203K Rehab Loan Nov 11, When choosing a loan, it is always very important to weigh the pros and cons of how each loan can benefit you and your financial needs.
FHA Home Loans: 2019 Pros And Cons Exposed – Get – FHA Home Loans: 2918 Pros And Cons Exposed.. What are the disadvantages of an FHA loan? Since an FHA has a very low down-payment (which can be as low as 3.5%), you will end up paying more interest than if you had a conventional loan with a 20% down-payment. This is a very important factor to.