FHA loans and conventional loans are two options for financing a homepurchase. Here are a few key differences between the two:

· Down payment: FHA loans typically require a lower down payment, with a minimum of3.5% of the purchase price. Conventional loans may require a down payment of 5%or more, depending on the lender and the borrower's credit history.

· Credit score: FHA loans may be more forgiving of lower credit scores, with somelenders accepting scores as low as 500. Conventional loans generally require ahigher credit score, with a minimum of 620 or 640 in some cases.

· Mortgage insurance: FHA loans require mortgage insurance, which is an additional monthlyfee added to the borrower's mortgage payment. Conventional loans may alsorequire mortgage insurance, depending on the borrower's down payment and creditscore.

· Limits: FHA loans are subject to maximum loan limits, which vary by location and canimpact the maximum amount you can borrow. Conventional loans are not subject tothese limits, but lenders may have their own maximum loan amounts.

Ultimately, the decision between an FHA loanand a conventional loan will depend on your individual circumstances, includingyour credit score, down payment, and ability to qualify for a mortgage.