However, the higher rate of interest also features lower down payment demands as well as lower credit history requirements than conventional finances. FHA home loan prices are generally lower than standard lending prices, or a minimum of extremely near them. Yet it's tough to contrast conventional and FHA interest rates on equal ground as a result of the difference in home loan insurance policy. There are different types of home loan on the market with various eligibility demands. Not all loan providers use all financing kinds, as well as rates can differ significantly relying on the financing type you select.