Competitive rates and no mortgage insurance once you hit 20% equity.
A conventional loan isn't government-backed, which means stronger borrowers are often rewarded with the best rates and terms. If your credit is solid (620+, ideally 680+), this is frequently the most cost-effective option.
Put down 20% and you skip mortgage insurance entirely. Put down less and you can still get in — and drop the insurance later once you build equity. I'll run both FHA and conventional side by side so you can see the real numbers.
Buyers with good credit and some savings who want the lowest long-term cost.