FHA or 20% down ? Which is best for house hacking

[Montez B.]

I have been watching videos about house hacking for a few weeks now and I learned about “fha” loans due to my research you can get a property with a low down payment but real high mortgage ? So if that’s the case is it better to put 20% to get a lower mortgage or a fha loan with a low down payment? And if I use a fha who would I talk to ? And how much higher would my mortgage be ? Thank you I’m sorry if I come off confusing I just be trying to become more educated so I want make a mistake with my money I appreciate everyone that answer my questions

[Aaron K.]

It depends if for example you live in coastal CA and a 20% down payment is at least $100k and you don't have that FHA is the way to go and that is where most house hackers go because they are just starting. 20% is mostly to get rid of PMI and opens up other options on more fixer upper properties when offering, a lot of the lower payment is just because you owe less money due to the large down payment.