House Hack Creative Financing

[Chris Henry]

Hello,

This year I plan to buy my first house hack. I live in quite an expensive market where the majority of housing has been bought for Airbnb. With a lack of affordable housing in the area and the surplus of people that are constantly looking for rental space, I believe that rent by the room would be a perfect plan for the house hack. The city that I live in allows me to be eligible to use a 0% down USDA owner occupied loan. I would like to hear thoughts and experiences from people that have used this way of financing before or even know a bit about it. Saving up until I have $25,000 would I be better off putting down 3.5% with an FHA or maybe using the 0% and keeping that money for reserves. Love to hear your experiences and/or opinions!