No. Conventional financing at 5% down is for a home you live in, and you sign documents at closing stating you intend to occupy it. The occupancy covenant requires you to move in within 60 days and use the home as your principal residence. Buying with owner-occupied terms while planning to rent the place out from day one misrepresents your occupancy intent, and that is a serious problem. We do it straight, and so should you. Two legitimate paths, depending on your goal: - House-hack. Fannie Mae and Freddie Mac allow 5% down on an owner-occupied 2-4 unit property. Live in one unit, rent the others, and you are fully within the rules because you actually occupy the property. - Buy it as an investment. A rental you never live in requires investment-property financing: 15% down on a single-family home and 25% on 2-4 units under conventional guidelines. And if your plan is to live there first and rent it out later, the low-down owner-occupied loan is fine. Move in, genuinely live there, and convert the home to a rental down the road.