Question on loans Conventional and FHA
So I met up with a real estate agent yesterday and I was talking about using an FHA loan but he was telling me how bad the FHA loan is. That I should go for a 5% conventional loan. Does anybody have any tips on what is the difference because I'm kind of confused because both of them you have to pay mortgage insurance until 20% of what I know. It was hard to get information out of him. I got the memo from him that $60,000 in California kind of by the beach I would not be able to Ford a house with a 3.5% or 5% loan down even though I want to house hack and have other people live in the rooms! I wasn't trying to buy it from him I was just having a conversation about the future for me and seems like he was trying to tell me it was impossible for me to start one day without having huge amount of money I'm 20 years old and I'm trying to get started in about five years getting my first place. With about $60-$100,000 hopefully all in let me know your guys thoughts thanks.