Lower credit scores ... an FHA loan calculator as well before you apply for a mortgage to see just how much you’ll spend on the principal, interest and other costs such as the MIP.

For first-time homebuyers or borrowers with low credit scores ... consider when choosing an FHA lender What is an FHA loan? FHA loan benefits and drawbacks Mortgage calculator FHA interest rates ...

you'll pay mortgage insurance premiums along with your mortgage payments for the life of the loan. An FHA loan helps borrowers with lower credit scores and down payment savings finance a home ...

Conventional mortgages are often more attractive for borrowers with good credit and larger down payments. With a down payment of at least 20%, you won't have to pay for mortgage insurance on these ...