I am buying a place. If some of you recall last year, I was under contract and backed out due to inspection. This time, I am buying a new construction! At any rate, this area has the possibility for a USDA loan. What are your thoughts? It is somewhat appealing as it is 0 down. I think I heard that you can't use a house bought with USDA as an investment property at any time, even if you move in 10 years and want to rent it out. Is this true? Online is contradicting and my lender didn't know. Additionally, I have the following finance options with a conventional with 5% down 1) 4.25% with PMI (about 91/month) and no lender credit (1353/month payment) 2) 4.625% with lender backed PMI (1307/month payment) and no lender credit 3) 4.75% with lender backed PMI (1323/month) with 2k lender credit Which would you advise? I was able to lock my rate in so that is good! I can choose amongst any of these 3 if I stay with conventional. Thanks as always MR!