Offer your thoughts or opinion on the input financial query or topic using your financial background.

Does FHA goes hand in hand with PMI ?
I don't know that FHA loans have better rates than conventional loans.  I've never heard that and some quick googling didn't yield anything (please correct me if I'm wrong). So if you have the necessary down payment to get a conventional loan, I'm not sure I see any benefit for looking at FHA loans.  I think the only benefit outside of a low down payment is the ability to (possibly) get a loan with a lower credit score.