No, this is a conventional loan product. The HFA Preferred Risk Sharing program allows for just a 3% down payment, based upon acceptable credit score, and only allows a 3% seller assist. Therefore, depending on how the transaction is structured, it may require more money out of pocket for the transaction than going with an FHA loan merely because you may ask the seller to credit up to 6% of the sales price towards closing costs with an FHA loan. However, the monthly payment for that FHA loan will be substantially higher, which can have an impact on qualifying for a higher sales price. In my opinion, the PHFA HFA program is by far the better option, if you have the assets to make it work for your situation. Let me know if you have any further questions and best of luck!