Working with lenders

[Ben Nelson]

Hi folks! I'm preparing to do my first house hack in 2021 (moving into a multi-family property and property managing myself), but I'm having some trouble when talking with lenders. In order for my potential investment to look great on paper, I need to find a lender that is willing to agree to the following loan criteria with me: 

1. 30-year fixed conventional loan

2. 2.75% interest rate or better

3. 5% down payment or less

I'm in excellent standing as far as credit score (800+), cash reserves, and I'm debt-free including my current home. What am I missing? Is it realistic to think that I can find a lender that will give me a loan that meets the criteria I listed above, or should I start thinking differently? I have already worked through the pre-approval process with two lenders without success, but think I may just need to keep looking around... 

I appreciate any advice on this topic, especially if you can share experience or new ideas that might apply to my situation. Thanks in advance!