No. Just a little slower. Generally they bid higher since approval may not be as certain. I know this was a while ago but when the wife and I sold our first house, we had 2 offers, a pre approved for just under ask and an FHA for a little over ask. We took the guaranteed money knowing that FHA could have small hiccups and it takes about a month longer with paperwork. (Side note, apparently my FIL worked in the same area as the FHA people and they were bad mouthing us left and right for awhile). With the current environment, everything takes another 3-4 weeks so paperwork may work itself out.