Usually it requires you to be a first time home buyer, which I'm sure you are, and allows for a down payment as low as 3% of the total cost rather than a standard 20%.
The FHA doesn't actually give loans, they simply insure the loan (similar to PMI). Most larger mortgage companies (banks or otherwise) are qualified FHA lenders.
so, there's nothing up with it, and if i qualify, i should do it?