Smaller Down Payments

[Peter Cainero]

Hello,

I am in the process of looking for a property to house hack. I am looking at taking out a FHA loan to finance the property. The smaller down payment would be extremely beneficial to me at this point in my life. My real estate agent mentioned that I may not need a FHA loan in order to put down a smaller down payment. He said I may be able to put down a small down payment (3.5%) with a conventional loan.

Has anyone heard of this before? 

Thanks!