What's the best loan for me ?

[Faysal Alam]

Hey everyone ! I'm looking to buy a multi family here in NYC , I'm trying to do a house hack where I live free or close to it. My dilemma now is I have people willing to cosign me , but they will not be occupying the property , for all the low down payment options I see the cosigner has to be also occupying the property, if they do not I would have to come up with 20-25% which I can't afford to do . so my question is how would you go about doing this? I have about a 35-40k income my cosigner has a 33k income , and another cosigner I can get if necessary has a 25k income . I have around 50k saved up . How can I make this house hack happen ? 

[Marc Dube]

@Faysal Alam there are loan programs that will allow you to have a non occupant coborrower. They would need to be on title but do not have to occupy the home. At least one borrower must be a first

Time buyer. Single family home purchase 95%. 2-unit purchase to 85% and 3-4 unit 75% loan to value