FHA can solve approval friction
FHA may fit buyers who need a lower down payment path, more flexible credit guidelines, or higher debt-ratio tolerance. The tradeoff is mortgage insurance and program-specific property standards.
Conventional can win over time
Conventional financing may be attractive for stronger credit files, borrowers who want mortgage insurance that can eventually be removed, or buyers comparing second homes and investment properties.
The payment comparison should include exit strategy
The better option is not always the lowest payment in month one. Compare cash to close, monthly payment, mortgage insurance, future refinance options, and the realistic timeline for income or credit improvements.