FHA loans recently changed?

[Account Closed]

I am unsure if I should go with a FHA or traditional 30 yr loan.... With the traditional it would have to be 20% down and I don't have the funds quite there... Close! But when I went to the bank and talked to a mortgage officer he said recently the FHA loans have been terrible and not worth it. The extra monthly payments you have to make are for the lifetime of the mortgage now and not only 5 years or so.... Has anyone else heard this? At the time the guy was telling my I could do 5% with a traditional and ran all the numbers for that... Then sends me an email a week later telling me it has to be 20%, not 5%
For Multifamilies.... Needless to say on that one I'm going with another bank!