Newbie House-Hacker in NY!

[Jacqueline DeCesare]

Hi Everyone — I'm a newbie with pending pre-approval ready to dip my toes in this crazy RE market! Looking to house-hack in order to get started and wondering what the limit is on low-down payment owner-occupied mortgages. Currently exploring 3-5% down on a conventional but am being told by our broker that after living in house #1 for a year, house #2 would require 25% down despite being owner-occupied (we would move to house #2). My understanding is 3.5% down FHA could be an option for house #2 but then what are our options beyond that? Want to make sure I have a solid long-term strategy so we don't get "stuck" living somewhere long-term that we initially intend to occupy short-term. TIA, open to any and all advice here!