I bought both my first and second homes with an FHA loan. (I have since refinanced into a conventional.) There is nothing weird or wrong about an FHA loan... Minimal extra paperwork, no major hoops to jump through. Low downpayment.
I bought my first house in 2004, and at the time, FHA rates were definitely higher than conventional. Right now, they're the same? At least Google says so?
You do have to pay PMI (insurance on the mortgage), but it shouldn't be too much unless you live in an expensive area. The people over on /r/PF act like paying PMI is a crime against nature or something, but in my experience with a cheap house, I was paying less for an FHA mortgage on a 2-bedroom house than I would have for a 2-bedroom apartment.
Things to worry about:
If you own your house, you are the landlord. That means if your water heater dies, you have to buy one. If your furnace breaks or dies, you have to fix or replace it. If your sewage line breaks and your basement floods, you're paying the repairs. If your neighbor's kids throw a water balloon and shatter your front window, you're paying for that too. (Literally all of these things happened to me.)
If you have little to no equity in the house (down payment), then you are stuck there. Period. With a 3.5% FHA downpayment, you will be underwater on your mortgage for several years. Meaning if you want to sell it and move, you would have to pay thousands to do so (paying off the loan).
In good years, the house value will go up. In bad years, it will go down... but you're still on the hook for whatever mortgage you agreed to. Remember I said I bought a house in 2004? Yeah... That was close to the height of the real estate boom. I sold it in 2009 and lost a lot of money.
My advice for any homebuyer: Buy the most solid house you can afford, not the dreamiest. You want the ugly one with the brand-new roof and brand-new furnace and AC and proper drainage and updated electrical panel. Pay for a good independent home inspection, and shadow the inspector and take notes. They will list off all the things you'll be paying for in the next few years if you buy.
But yeah, FHA is really no different from conventional. Just make sure you know the full scope of what you're paying for: The online mortgage calculators don't figure property insurance and PMI, although your loan documents will. Remember to add water, sanitation, utilities, HOA (hopefully not?), etc. to your budget. And make sure you have some way to take care of a $5,000 emergency problem, whether it be a credit card, a bank loan, or a helpful parent or whatever. (I mean this in a "just in case" scenario, but it's worth thinking about... Homeownership is Murphy's Law waiting to strike!)