Buy the house as a primary residence and take out the owner occupied loan with the better terms and smaller down payment. From the loan's perspective you're allowed to rent out a bedroom or a part of the home, say the basement, and still retain primary home status. If you are overseas for three months, you'll have a tenanat in the home who will serve to both watch over the home and contribute to the mortgage payment.In all honesty, this is what I'd do because I know with absolute certainty that the loan docs will not be modified for the hybrid situation. But I'd also go in with the knowledge that if it blew up on me and ended up costing me more because of my choice it was because of the choice I made, not some nonsense about evil Banks.
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