Wednesday, March 27, 2024
HomeBankFHA Loan vs. Conventional Loan: Differences Explained

FHA Loan vs. Conventional Loan: Differences Explained

Chime® is a financial technology company, not a bank. Banking services are provided by The Bancorp Bank, N.A. or Stride Bank, N.A., Members FDIC. The Chime Visa® Debit Card and the Chime Credit Builder Visa® Credit Card are issued by The Bancorp Bank, N.A. or Stride Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit and credit cards are accepted. Please see the back of your Card for its issuing bank.

While Chime doesn’t issue personal checkbooks to write checks, Chime Checkbook gives you the freedom to send checks to anyone, anytime, from anywhere. See your issuing bank’s Deposit Account Agreement for full Chime Checkbook details.

By clicking on some of the links above, you will leave the Chime website and be directed to a third-party website. The privacy practices of those third parties may differ from those of Chime. We recommend you review the privacy statements of those third party websites, as Chime is not responsible for those third parties’ privacy or security practices.

Third-party trademarks referenced for informational purposes only; no endorsements implied.

Opinions, advice, services, or other information or content expressed or contributed here by customers, users, or others, are those of the respective author(s) or contributor(s) and do not necessarily state or reflect those of The Bancorp Bank, N.A. and Stride Bank, N.A. (“Banks”). Banks are not responsible for the accuracy of any content provided by author(s) or contributor(s).

¹ Information from’s FHA Loan Requirements as of March 11, 2024:

² Information from Rocket Mortgage’s What Is A Conventional Loan? as of March 11, 2024:

³ Information from Investopedia’s Conventional Mortgage or Loan as of March 11, 2024:

⁴ Information from U.S. Department of Housing and Urban Development’s Section A. Borrower Eligibility Requirements as of March 11, 2024:

⁵ Information from Bankrate’s What is an FHA mortgage insurance premium? as of March 11, 2024:

⁶ Information from Investopedia’s 5 Types of Private Mortgage Insurance (PMI) as of March 11, 2024:

⁷ Information from Investopedia’s Federal Housing Administration (FHA) Loan: Requirements, Limits, How to Qualify as of March 11, 2024:

⁸ Information from Capital Bank’s A Complete Overview of VA Loans Guidelines as of March 11, 2024:

⁹ Information from U.S. Department Of Agriculture’s Single Family Housing Guaranteed Loan Program as of March 11, 2024:

* To apply for Credit Builder, you must have received a single qualifying direct deposit of $200 or more to your Chime Checking Account. The qualifying direct deposit must be from your employer, payroll provider, gig economy payer, or benefits payer by Automated Clearing House (ACH) deposit OR Original Credit Transaction (OCT). Bank ACH transfers, Pay Anyone transfers, verification or trial deposits from financial institutions, peer to peer transfers from services such as PayPal, Cash App, or Venmo, mobile check deposits, cash loads or deposits, one-time direct deposits, such as tax refunds and other similar transactions, and any deposit to which Chime deems to not be a qualifying direct deposit are not qualifying direct deposits.

Address: 101 California Street, Floor 5, San Francisco, CA 94111, United States.

No customer support available at HQ. Customer support details available on the website.

© 2013-2024 Chime Financial, Inc. All rights reserved.



Please enter your comment!
Please enter your name here

- Advertisment -
Google search engine

Most Popular

Recent Comments