The very first house I bought was w/an FHA loan. Had money in the bank and never a problem. The second house was 20% down. The economy in the ’90’s was challenging. I was regretting putting so much down. I was able to ride it out and took on a second job. Third’s a charm. The next house is going to be w/in my budget, but minimum down.

My other properties were all cash. Owned free and clear. Sometimes I see some really good deals out there and I get tempted to pick something up. But I am going to hold out for owner occupied.

I think it’s okay to do the FHA w/little down, as long as it’s not abused and the purchase is w/in your means. As all things, the best intentions often get abused. It can help people get their foot in the door, but also opens the door for trouble.