Is FHA bad if I have 20 percent down?
FHA with 20% down isn't 'bad' but it's usually not the right tool. Conventional at 20% down kills PMI entirely, while FHA still charges MIP (and on most loans it sticks for life).
What this actually means.
If credit is strong and the file works for conventional, the math at 20% down almost always favors conventional. If credit is below conventional's reach, FHA at 10% down may still pencil out.
Where this can move.
Credit score, down payment, LTV, expected hold period, mortgage-insurance economics, and property type can change which loan wins for your file.
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Educational only. FHA guidelines, lender overlays, rates, fees, and underwriting requirements can change. Final eligibility depends on full underwriting review. Mortgage Expert, Inc. is not affiliated with HUD, FHA, or any government agency.