Hi there,
Please let me know the difference between a FHA loan and a conventional mortgage loan? Whats the difference between going to a bank to retain a mortgage loan, going to a mortgage company to get a loan, and going to a mortgage broker to get a loan?
Thank you so much.

The FHA is a government-insured loan, 3% down, easier to qualify for than a conventional loan. FHA ratios are 31% (PITI/GMI) and 43% (All debt/GMI). The FHA also has Loss Mitigation in the event the loan becomes delinquent. All FHA loans have the equivalent monthly MIP.