Choosing the Right Bank

[Brennan Hile]

Just graduated college and started working full time.

I’m considering several options to get me in the real estate game.

Potentially using FHA or conventional loan to buy the house I'm currently renting with roommates or buying a duplex and maybe moving in once my lease is up in a little less then a year.

My question is how do I find the right bank?

Also any opinions on FHA vs Conventional would be greatly appreciated.

[Benjamin Piecenski]

@Brennan Hile FHA is typically going to be the better program for a credit score under 680, and conventional will be better for a credit score over 680. You shouldn't focus on "finding" the right bank, but rather shop around between 3-5 different banks and go with the most competitive offer. Let me know if you have any further questions!

[Brennan Hile]

@Benjamin Piecenski thanks! I have schedule several appointments and will see how they go!

[Adeva Edobor]

@Brennan Hile I think a credit union will be a good place to look. They may have conventional loans with low down payments but no PMI which may be better than FHA loans