Ruby on Rails: db:schema:load fails due foreign key - ruby-on-rails

Question

okay,
I've been trying to wrap my head around this problem for a while, and I simply cannot come up with an explanation why this behavior is happening.
I have a project that's running Ruby 2.7, Ruby on Rails 5.2.8.1.
On a new system, I'm trying to set up the database using a MySQL 5.7 database, and every time I run bundle exec rake db:create db:schema:load it fails because of a Foreign Key error. And the weird part is that it tries to create the Foreign Key before the actual tables, which is what doesn't make any sense to me as the add_foreign_key statement is the last statement in the schema.rb.
Simplified schema.rb
ActiveRecord::Schema.define(version: 20211230212616) do
create_table "categories", force: :cascade, options: "ENGINE=InnoDB DEFAULT CHARSET=utf8mb4 COLLATE=utf8mb4_unicode_ci" do |t|
t.integer "category_id", null: false
t.string "subtitle"
t.text "page_content"
t.text "pinned_styles"
t.text "unpinned_styles"
t.text "updated_by"
t.datetime "created_at", null: false
t.datetime "updated_at", null: false
t.index ["category_id"], name: "index_categories_on_category_id", unique: true
end
create_table "faqs", force: :cascade, options: "ENGINE=InnoDB DEFAULT CHARSET=utf8mb4 COLLATE=utf8mb4_unicode_ci" do |t|
t.text "question"
t.text "answer"
t.bigint "category_id"
t.datetime "created_at", null: false
t.datetime "updated_at", null: false
t.index ["category_id"], name: "index_faqs_on_category_id"
end
add_foreign_key "faqs", "categories"
end
Error Message
bundle exec db:drop db:create db:schema:load
-- create_table("categories", {:force=>:cascade, :options=>"ENGINE=InnoDB DEFAULT CHARSET=utf8mb4 COLLATE=utf8mb4_unicode_ci"})
rake aborted!
ActiveRecord::StatementInvalid: Mysql2::Error: Cannot delete or update a parent row: a foreign key constraint fails: DROP TABLE IF EXISTS `categories` CASCADE
/Users/olivar/RubymineProjects/catalog/db/schema.rb:15:in `block in <main>'
/Users/olivar/RubymineProjects/catalog/db/schema.rb:13:in `<main>'
/Users/olivar/.rbenv/versions/2.7.2/bin/bundle:25:in `load'
/Users/olivar/.rbenv/versions/2.7.2/bin/bundle:25:in `<main>'
Caused by:
Mysql2::Error: Cannot delete or update a parent row: a foreign key constraint fails
/Users/olivar/RubymineProjects/catalog/db/schema.rb:15:in `block in <main>'
/Users/olivar/RubymineProjects/catalog/db/schema.rb:13:in `<main>'
/Users/olivar/.rbenv/versions/2.7.2/bin/bundle:25:in `load'
/Users/olivar/.rbenv/versions/2.7.2/bin/bundle:25:in `<main>'
Tasks: TOP => db:schema:load
Yet, every time the command fails because it creates the categories table, then it tries the foreign key, without the faqs table existing (or switches the tables).
Can someone explain this behavior?