Yes or No? Inform lender your plan to rent rooms/house hack?

[Jonaye Barnum]

I'm a first time home buyer, & plan to house hack. Should I be fully transparent with the lender I choose that I will be renting rooms while staying in one (or possibly living in a parked rv/travel trailer in the driveway)?

Does it depend on the loan type (FHA vs conventional)? I know that the home cannot be an investment property for some of these loans.

I don't want any surprises throughout the process, nor do I want to come off as shady to the lender if I decide to work with them on future investments. Thanks!