It depends on how much (in terms of a percentage) you are looking to invest in your home as a down payment.
In today's market, if you have a 700 score or higher, a conventional loan may be the best way to go for you. If your scores are lower, you may want to compare an FHA loan against the conventional loan.
And as a side note, to clarify some of the comments below, I work for a mortgage bank that will approve buyers for an FHA loan who have down to a 580 credit score AND still allow the minimum of 3.5% down payment of their purchase price. Some banks who will approve a client with a 580 credit score also require a 10% down payment.
Please feel free to contact me if you have any further questions, I'd be glad to help.
All the best,
Roswell Moore, CMPS
Certified Mortgage Planner
We are a Direct Lender, Mortgage Bank where we originate, process, underwrite, fund, AND SERVICE our loans, in-house, with FHA (starting at a 580 score AND still only 3.5% down), FHA Streamline loans (NO minimum credit score, NO appraisal required) Go Green rehab loans, HomePath, Investor Friendly (10 financed properties), VA, USDA, Jumbo, Conventional, plus, we allow Escrow HoldBacks!