Duplex Financing, FHA vs Conventional Loan

[Cody Kale]

Hello there,

I am a newbie in the real estate world and I am very interested by the idea of House Hacking. I know that I could get into a duplex with an owner occupied FHA Loan of 3.5% down, but I am curious if I could do the same with a conventional loan. Either with 3 or 5% down.

I'm curious of this because I know with a conventional loan there is the potential of cancelling the PMI after a certain amount of time. However, I'm not exactly sure how conventional loans work with multi-family units.

Any insight would be very much appreciated! 

Thank you, 

Cody Kale

[David Smith]

FHA appraisal is strict? Up to 4 unit and owner occupied?