The answer to your question would be your preference. FHA has guidelines that may make you unqualified, depending on the size of the loan. However, if you do qualify, FHA has great rates, your lender could provide you with details, and it would be advantageous to get the advice of a tax accountant. Have you considered a 15 year mortgage? In the long run, you will save on the interest, but if you do 30 year, you can pay down your loan by sending in principle payment when you can. Even a hundred a quarter will add up over time. There are so many choices for those with good credit, and stability. I know this does not directly answer your question, but should give you more information in what to look for and to ask your lender. Best of Luck. Please note, I am also a licensed REALTOR in CT so I have first hand knowledge of what CT offers. Ken D.