Apr 11, 2019 pros and cons of fha loan By Lynette Maldonado inConventional VS FHA Mortgage Contents – FHA loans are not the perfect loans but they are the best fit for some situations. The main benefit is the ease it provides in getting a new property – but as we have mentioned, there are also trade-offs. Pros and Cons of FHA Loan for Modular Home Construction. – An FHA loan is a mortgage loan that is insured by the Federal Housing Administration (FHA). It has come a long way to help home buyers. An FHA loan has a number of pros and cons that you need to consider. Lynette Maldonado Comments are closed.