FHA allows lower down payments along with more forgiving credit requirements. If your offer does not have competing non-FHA offers, then you should be fine. If you are competing with conventional deals, you may well be at a disadvantage. The amount of cash in the deal is one terms that a seller will evaluate. The less cash in the deal the greater pressure there is on the appraisal. And in an appreciating market, this is a very real concern.
Good luck to you!
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