There are programs besides FHA but they all require mortgage insurance and a reserve. Your best bet is to compare the programs as far as closing costs and mortgage insurance with your mortgage officer.
For conventional financing, you won't find a solution unless a lender is portfolioing the loan (this means using their own bank's funds to close your loan).
If you're a veteran, you can purchase a 1-4 unit home with no money down.
We are direct lenders of these sort of loans, no points and low rates. Feel free to contact me directly if you'd like to set up an appointment or speak about these loans. Good luck!
Sterling National Bank
I deal with a program that I send a lot of my clients to that will lend you 100% LTV (Conventional) 1-4 family homes (must be owner occ) No PMI, No Closing Cost. Feel free to give me a call. Ive been dealing with them since 99. The max they will lend on a 3 family is 561k & a 4 family 697k
Licensed Real Estate Agent
SFR Certified, RSSP
Charles Rutenberg Realty
Best of luck!
Your only option is going to be FHA with 10% down.
You may want to jump on this before April 1st since FHA is going to increase the upfront mortgage insurance premium and the monthly mortgage insurance.
There are programs avaialable but you would need to see if you qualify. If you are interested, I can help you further. Feel free to contact me directly at 347-462-4210.
Best of luck!
Sr. Mortgage Specialist