Usually no. With excellent credit and 10% down, conventional is typically the stronger loan unless you need FHA's more flexible debt-to-income room to qualify. The cost structure explains why. FHA charges mortgage insurance two ways: an upfront premium financed into the loan regardless of your down payment, plus a monthly premium. With strong credit and 10% down, the conventional monthly mortgage insurance is often meaningfully cheaper, there is no upfront premium added to your balance, and conventional mortgage insurance can be removed as your equity grows, while FHA's monthly premium runs on its own schedule no matter how much equity you build. FHA and VA rates do tend to run somewhat below conventional (illustratively on the order of half a point), so the gap is closer than the insurance math alone suggests. Confirm current FHA premiums and conventional mortgage-insurance pricing, since both change. Skip the guessing. The right move is a side-by-side on paper, FHA versus conventional with every mortgage-insurance variation shown, so you can see the actual monthly and lifetime cost of each and make the call yourself. That is exactly the comparison we run on a free Roadmap conversation (about 20 minutes).