HDFC or FHA What is more profitable?

[Daniel Sidi]

I live in NY and I started reading about different options for buying a house/apt.

What is the best option if I can fall under both criterias?

Buying a house using an FHA will allow you to put only 3.5% down with a very attractive interest and no many limitations.

HDFC will allow you to get properties for dirt cheap with a higher down payment and much more limitation.

I'm looking to make the most profitable decision, what would you suggest? 

If there are different/better options In NY please speak your mind :)