The Florida Masochist: Tax prep and mortgage loans don’t mix

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 · On a $200,000 home, you would have to put down $7,000 for an FHA loan, as opposed to $20,000-$40,000 on a conventional loan. Also, FHA loans don’t require great credit like conventional mortgage.

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Have student loans? 3 Steps to Prep for Home Buying Even with heavy student loans, becoming a homeowner is possible Seven in 10 students leave college with more than just a diploma-they’re also saddled with an average of $30,100 in student loan debt. 1

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