I'd be happy to compare your options. Homepath has two advantages over FHA & conventional financing. No mortgage insurance and No appraisal. Although Homepath financing is priced slightly different than normal Conventional mortgages. The "sweet" spot with Homepath is 10% or more down. Otherwise a normal Conventional loan would be the other next best with your credit score and 3rd would be FHA likely. But alot depends on how much you want to put down. My experience has been FNMA is usuallly willing to pay for concessions up to 3% and doesn't seem to discriminate between your financing option.
Let me know if I can help further. Pinnacle is a Mortgage Banker and Direct endorsement underwriter of Homepath, FHA and conventional mortages based in Lakewood.
Chad Bergman, CML
Sr. Mortgage Banker
Pinnacle Mortgage Group, Inc.
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FHA financing is the path many people are choosing these days. I would suggest calling a national mortgage broker and shopping for the best rates and loan costs. Our clients have a had pretty good luck with Emery FCU at 888-709-4555.
It will not weaken your offer to go FHA and with your excellent credit you should have many options.