It could mean a lower interest rate, better terms and just an overall better loan.FHA's requirements are; a down payment of 3 - 5 %, the home must be
under the FHA's set loan
limit for the county that the borrower lives in and a few other small requirements.The main advantage to an FHA loan, is if you can
fall within their requirements, your
credit history or income level, will not hold you back from getting a home loan.