Lee's Sandwiches, Asian Sandwich, BÃÂ¡nh mÃÂ¬, Sliced jambon, headcheese & pate on a baguette. Lee's Sandwiches, Asian Sandwich, BÃÂ¡nh mÃÂ¬, Sliced jambon, headcheese & pate on a baguette. Browse Recipes
Generally, an FHA appraisal CAN be used on a conventional loan but a conventional appraisal CANNOT be used on an FHA loan. An FHA appraisal can be used as long as it can be proven that it complies with HVCC. (Home Valuation Code of Conduct) Most appraisals now done by Appraisal Management Companies (AMCs) include this compliance certification.
However, your mortgage insurance is likely to be higher with an FHA loan. If your score is above 740: Your best bet is likely to be a conventional loan because your credit score qualifies you for the lowest interest rates. Conventional loans are available now with a down payment as little as 3 percent.