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Duplex financing options for 3% down?

I wanted to finance a duplex for nothing down through usda but then i was told they're not eligible. the best i can do is 3% down. is there another option available for duplex financing with a nominal down payment
By crash.21wells3782317 from CO May 28th 2014
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As long as you are going to be living in the property, you can do 1-4 units going FHA with 3.5% down.

May 28th 2014

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You may have a few options depending on where the property is located. FHA will require a 3.5% down payment. However if you, the area and the property qualify you may be able to get a 4% to 5% grant to apply towards the 3.5% FHA down payment through MMA or NHF. If you have any further questions you can reach me at 303-521-7169 or loanofficerseanyoung@gmail.com

May 28th 2014

FHA is 3.5% down payment and FHA will allow duplex financing. FHA does allow gifts from a family member to assist with the 3.5% as well as closing costs. Another option could be VA, if you are eligible?I am a local CO mortgage broker and would be happy to assist you. Call Kay 720-670-0124, kay@kcmortgagecolorado.com

May 28th 2014


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