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Updated over 7 years ago on .

What’s better FHA or USDA?
I’m buying my first rental property and really liked the idea of 3.5 percent down with an fha loan so I️ was going to buy a duplex and house hack one side. The other side is already rented with. Long term tenant. Anyways I️ told the agent my intention to use an fha loan and she suggested that a USDA loan may be better. I️ asked about it and she said it’s no money down and a little better pmi. I️ did some research and it seems like the prerequisites are similar to the fha loan other than 640 credit instead of 580. Is their anything I’m missing or should consider? USDA sounds like the way to go??