FHA is only 3.5% down, and they have a minimum score of 620.

Since you are in Amery, you may also want to ask your broker about Rural Housing Loans, guaranteed by the USDA, or direct rural housing through the USDA. I might be wrong, but I am fairly certain all of Amery is included on the target areas. Rural Housing loans also require a 620 credit score, however they do not require a down payment.

I just closed on my home using this program, and since the seller funded my closing costs I brought no money to the table - except for my earnest money w/ offer, and my pre-paid inspections.

you didn't mentioned your credit score, so it would be easier to provide you the answer. Well, for FHA loan, you require 3.5% down and a credit score of 620... And if you want to apply for a conventional loan, then you must have a credit score 680+ and a good down payment to make....

Conventional loans usually require a larger downpayment than FHA and if you have less than perfect credit you may not qualify for an affordable mortgage with a low interest rate . The best thing to do is compare the cost of the conventional loan to an FHA-insured loan line-by-line. What are the fees for each? What is the interest rate? How much is the mortgage insurance? How much downpayment is required? For some borrowers, a conventional loan may be less expensive. For many others, getting an FHA-insured loan is the way to go.

It depends on a few things, like;
You're a first-time homebuyer.
You don't have a lot of money to put down on a house.
You want to keep your monthly payments as low as possible.
You're worried about your monthly payments going up.
You're worried about qualifying for a loan.
You don't have perfect credit.

If any of these things describe you, then an FHA-insured loan may be right for you.