FHA is the one of the safest loan products available, and since it is a HUD product, it is one of the least restrictive in terms of qualifying. I hesitate to say easiest, because it still takes some work to qualify, of course, however, compared to Fannie or Freddie, the guidelines allow more people to qualify for FHA loans with lower downpayments and more likely to forgive lower credit scores.
Find a great lender that specializes in FHA and go over the guidelines, set your goals, and decide if now is a time for you to purchase a home. Good Luck, Merry Christmas!
Jim, Home Savings of America, 703 591 5626 ext 419.
Please see my blog for advice and tips on getting a mortgage in todays market