Who are FHA loans good for?
FHA loans are great for buyers looking to purchase their first home with a minimal down payment, especially if those buyers are on the lower end of credit-worthiness. This allows them to get on the property ladder, rather than wait longer as homes continue to appreciate around them, and fix their living expenses to a certain extent.
If you don't plan to live in the same home for the rest of your life, an FHA loan creates credit accessibility now, rather than years from now, for a home that is deemed habitable, preventing surprises in your first few years in the home. This gives you time to build a home repair fund, rather than risk everything on a home that may be in need of significant repairs right away.