House hacking and using a deferred loan down payment assistance

[Simone Williams]

Hello Everyone! I am looking to purchase a multifamily owner-occupied property through NACA and want to know if it makes sense to use a deferred loan down payment program..particularly the "Employee Assisted Housing Program" which if qualified..

"For moderate income eligible households: Payment on loans is deferred for the first five years. Monthly principal-only payments begin in the sixth year of the loan, amortized over a 40-year period" and " When all loans become payable: Regardless of household income, the entire loan amount becomes immediately due and payable if the borrower transfers the property, the property is refinanced (unless the refinance meets certain conditions), or the property ceases to be the borrower’s primary residence." I guess overall, I just need some advice on if it makes sense to use a deferred loan program? I know its different for different people's situations. Thanks in advance for any insight!