We do not hand anyone a single right loan, but the streamline feature you are pointing at is a genuine FHA advantage worth weighing. The benefit works like this. An FHA loan can later be refinanced through an FHA Streamline with no new appraisal and no income re-verification; it just has to pass FHA's net tangible benefit test. VA's IRRRL gives veterans a similar path. USDA is the carve-out here: its Streamlined-Assist skips the appraisal but still verifies that your income remains eligible. The practical upside is that if property values dipped, a lower appraised value would not block a future FHA Streamline the way it could block a conventional refinance. For a borrower who places real value on that flexibility, it is a legitimate reason to lean FHA. FHA also tends to produce the lowest monthly payment and the best blend of rate and mortgage insurance for borrowers with more moderate credit, roughly 720 and below, who are putting down less than 10%. The tradeoffs: - The upfront mortgage insurance premium, 1.75% of the loan. Most people finance it into the balance, though paying it in cash at closing is allowed. - With less than 10% down, FHA's annual mortgage insurance stays for the life of the loan. Only refinancing out of FHA removes it. Pricing on both FHA and conventional shifts over time, so confirm the current numbers. A good loan officer puts FHA and conventional side by side objectively and lets the math speak. That comparison, run on your actual file, is exactly what we do in a free Roadmap conversation.