Creative ways to finance a house hack in Columbia, SC

[Paul Lowder]

Hello BP!  I'm looking for a duplex in the Columbia, SC area and I'm struggling with figuring out the financing.  This would be my first deal, and a primary residence loan with potential for renovation included.  My biggest concern is with affording the down payment combined with any closing costs or fees that come along the way.

I've been speaking to a few different loan officers, and the consensus seems to be that conventional loan programs for a duplex property type require at least 15% down. I know there is FHA available, but I'm not confident I could secure a deal that's in my price range with FHA financing in the current market. Too many places still going quick with cash or cash-like offers in the Cola area(as I'm sure in many places still).

Anyways, I was curious if anyone is aware of or has used any low DP options for duplex property type homes in South Carolina.  Any and all advice/comments are appreciated!