Is FHA good if I have excellent credit?
With stronger credit, I usually check Conventional first because PMI may cost less and can be cancelled when the rules are met. FHA may still show a lower interest rate, so rate alone does not decide it.
What this actually means.
Compare the full payment, upfront mortgage insurance, cash needed and cost over the time you expect to keep the loan. Strong credit makes Conventional worth pricing first; it does not make the result automatic.
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.