Are all FHA loans the same???

[Cody Hawkins]

As I am preparing to make the leap into real estate and purchase my first property, I know I will want to house hack a multi-family property. 

I know going with smaller local lenders like local banks and credit unions can have their advantages with more wiggle room than large multi-national banks do. However is there a big difference when doing an FHA loan because the terms are fairly standard 2.5 -5% down and closing costs 1-2%?

I would love to here everyone’s thoughts.