Am I the only one who thinks an FHA loan isn't always the best move?

Everyone pushes FHA loans for first-timers, but I was skeptical about the extra fees (my lender showed me the MIP adds up to like $12k over 5 years). I went with a conventional 3% down instead, and the monthly payment is way lower than what FHA would've been. Has anyone else skipped the FHA route and regretted it or been glad they did?

2 comments

2 Comments

rowan26223d ago

Honestly this post just changed my mind on that.

ivan4022d ago

Wait @rowan262, didn't you used to say the opposite last month? I changed my mind too after reading this.