FHA or BofA 3% down w/ no PMI?

[London Stewart]

I am looking into house hacking a duplex. Originally, I was going to use a FHA loan. Most recently, I have found out about the Bank of America loan. This loan requires only 3% with no PMI. Since there is no PMI, I assume the interest rate will be much higher. Has anyone had experience with this type of bank of america loan? Which loan would you recommend for a house hack?

[Account Closed]

@London Stewart The big pro for a house hacker is that you wouldn't be using your FHA loan so when you get your own house down the road or want to house hack again you can still most likely get and FHA and get the 6% sellers concession if you want it. This is very helpful if you get and expensive home for yourself and don't want a ton of out of pocket. the affordable home solution loan concessions is lower I think its around 3%or maybe even 2% . are you familiar with sellers concession?