Need to refinance my ARM mortgage to a Fixed…FHA Loan or Conventional?

I’ve been looking to refinance my townhouse that i have owned for about 5yrs now. I also have an equity line of credit of 30K. I just received in the mail from my credit union that they now offer FHA loans with no closing etc.. Which loan would be more beneficial to me? a FHA type loan or conventional fixed?? I’m looking to understand my options more.

I’m not sure of my credit score but i know it’s excellent, i have no other payments besides the current mortgage. I also have a decent amount of money saved if i need to use it for the Refi.

thanks in advance!

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