Why should you not go for FHA?

[Koki Agata]

Hello peeps!

I am new to RE investing and still in a learning curve, but I have this one thing that has been bothering me.

As my wife and I are also looking to buy our first home, I've been looking at different mortgage options.

The question is,

If FHA is so good, why isn't everyone doing it rather than conventional ones?

I know there are some requirements that need to be met, but what are the downside to FHA?

Any insights will be super appreciated!

Thanks y'all.