<prompt> Human: Next month I am going for a Pre-Approval on an FHA Loan. First time home buyer. I feel the 3.5 is the best bet to be able to get myself into my first home. Some quick background:Making about 125k-150k this year Commission basedStudent Loan Car Payment. Currently paying 1500 a month for rent and looking at places about 250k which would be a Mortgage of around 1,100.My girlfriend will also be moving in with me but she will not be on the Mortgage or anything else. She will be splitting the rent down with me also. I know I will be stuck with PMI but overall it seems like the best bet before the Market makes more of a recovery.I have 11k in my Emergency Fund right now and 30k in the bank and I will be applying about 10k to the Downpayment along with 8k that I get with the First Time Credit.  <response>: I dont want to burst your bubble, but that 8000 credit expired five years ago. Its not available anymore.Otherwise, you have to refinance out of PMI on FHA loans now, which costs thousands. And theres no guarantee youll be able to do that within your ownership timeline. 