Purchasing home as a residence or investment?

[Ryan Heywood]

I currently have a two unit property under contract, initially it looked as if it was going to be classed as an investment property with 15% down. Our lender has now informed us that since it is multi unit it will need to be 25%, or I can purchase it as my first primary residence. This may work as one unit won't be rentable for a year and I can occupy it. That said I can also afford the bump up to 25% down. Are there tax incentives that should tilt my choice in a specific direction?  

[Richard Sherman]

@Ryan Heywood Make sure you ask about occupancy requirement (how fast you need to move in.) In general, a primary residence loan is going to have better terms (lower down payment, lower interest rate etc) than an investment. Make sure you check if you have to pay PMI if you put down 15%, see if paying 20% makes PMI goes away.