FHA loans-does it make sense to shop around?

[StihlBilly]

If you have no other choice but to buy a home with an FHA loan, does it make sense to shop around?  Can one lender really give you a better deal (on either interest rate, fees, etc...) than another, or is an FHA loan a pretty generic product from lender to lender save for whatever overlays they might tack on?  We have a CH7 BK that was discharged in March 2013, and we're looking to retain our current home (we currently owe about $25K more than it's worth) and rent it at least until we can sell it.  Our credit is good (low 700s) but with the BK in the past plus our need for a high DTI allowance in order to retain the current home, it's FHA or bust, so should we be shopping?  If so, how does one do that without beating up their credit report with multiple hard pulls?

[StartingOver10]

Yes, SHOP your FHA loan.

There are material differences in both rates and fees from lender to lender.

Pull your own 3B report so you can get an accurate idea of your mortgage mid score(s) for both you and your wife.  Speak to several loan officers at a couple of different mortgage bankers (correspondent lenders) and have them supply an estimate to you.  When you find one you like, make full application. That lender will have to pull your credit.

Stay away from the big box banks....

EDIT:  Clarification of the above: FHA is a loan type. It is a government insured loan that has to meet certain criteria in order to qualify for the government insurance.  

The loan itself is a "product" of the lender so it is normal and customary for each lender to have their own pricing for that product.  Pricing from a lender consists of two things:  interest rate and fees which translates to APR. So compare APR's between lenders for the same product and compare APRs at the same lender for different types of loans.  There really is a difference in both interest rate and fees from lender to lender for the exact same product  There are also different overlays from lender to lender.