Forming an LLC for an owner occupied?

[Kory Lutes]

Hi, I've been doing some reading and have found some mixed reviews on whether I should form an LLC and close under that for my first multifamily property purchase. This will be an owner occupied property. I've read some people say that most lenders won't be able to give you the same financing (like an FHA 3% down loan) because you close under an LLC. Also that insurance policies won't be able to protect you as well if not in an LLC. Could anyone shed some more light on this subject? I am just starting out and want to leverage as little as possible to obtain my property so I can have a decent backup cash reserve amount but I also don't want to be very unprotected..