what are the downsides of fha loans 
fha loans usually come with higher interest rates than conventional mortgages and require borrowers to purchase mortgage insurance fha loans also have strict limits on the amount you can borrow the bottom linethe fha loan is a path to homeownership for people that banks might reject otherwise because they have a less than stellar credit score or little cash available for a down payment however borrowers who can afford a substantial down payment may be better off going with a conventional mortgage from one of the best lenders that way they can avoid the fha loan s monthly mortgage insurance payments and get a lower interest rate on the loan 