97 conventional loan???

[Dewayne Murray]

this upcoming year I will begin investing. I've been searching for the best way for me to get started and recently I've bumped into he 97 conventional. I'm puzzled a bit on what's the difference between it and the first time homebuyers program. I'm hoping to house hack and would like to know which suits me better.

[Will Pritchett]

I am not arguing definitions to a term.  Just trying to add another perspective to the conversation for the sake of the gentleman who asked the question. "House hacking" is not in the dictionary. It is a coloquialism coined here. I have heard it used in the context of fha or any type of financing that allows one to move out at a later date and keep the loan in place despite the property's new disposition or use (for singles and multis). Qualifying for the next loan may not require documented income from the first property. Then my use of the term "house hacking" would have allowed the purchaser to buy and live for free or cheap while preparing to buy again. This is essentially how I got started. Hope this helps, Dewayne.