re: Convetional mortgage

you can put down as low as 3% to 5% down, plus the down payment funds can now come in the form of a gift.
rates are better on the FHA but that PMI is a killer. go conventional if you can.
min score for the conventional is a 680 score but the rate wont be pretty. you want a min 720 to 740 credit score. with those scores you'll get the lowest rate plus pmi will be lower.