Maybe this topic has been beaten to death but can someone remind me why i wouldn’t go for an FHA loan today? i think HLS explained this to me at some point but I’ve forgotten. We’re actively shopping, all the houses we’d buy are in the FHA limits. We’d put down just 3.5%, roll 1.75% PMI into the loan, get most of it back in a tax credit, monthly payment at 4.5% interest is near my rent payment, a bit more, but the houses are nicer. I can keep all my saved money, and worst case scenario, the market horrifically tanks and i maybe live there payment free a while and ding my credit. big deal. I’m much more nervous about losing my money than my credit. I’m not even using my dang credit anyway, except for convenience on a credit card. I remember being told it would take me a long time to make up the difference with the PMI on an FHA v. a 20% down loan, but I don’t see it. Maybe I should just buy a dman house, there seems to be no risk, other than deflation and the possibility i could get a cheaper rental in the future. I’m not expecting to make any money on the deal, but it just seems like the government is kind of giving away the money.