No.
What FHA does for buyers: FHA helps people become homeowners by insuring mortgages for lenders. This allows lenders to offer mortgages to first time buyers and others who may not qualify for conventional loans. Because the FHA insures the loan for the lender, the buyer pays only a very low
down payment.
What FHA doesn't do: FHA does not guarantee the value or condition of your potential new home. If you find problems with your new home after closing, we will not give or lend money for repairs, and we can not buy the home back from you. That's why it's so important for you the buyer, to get an independent home inspection. Ask a qualified home inspector to inspect your potential new home and give you the information you need to make a wise decision.