Best loan option for under 10% down for multis?

[Jimmy Lieu]

Hi BP community,

I am wondering what would be the best loan type that will allow for me to do under a 10% down payment for a small multi (2-4 units)? I have a 33k/year job. I am looking to focus on investing in small multifamily properties (and house hack!).

I know about the HomePossible & HomeReady loans, which will be most likely what I will be doing. However, are there any other loan types similar (or even a better option) than HomePossible?

I want to avoid FHA because of the upfront PMI.

I have heard that conventional financing can allow me to do 15% down on multis, but would like to see under 10% down if possible.

With that being said, with HomePossible, would I be able to do a 3-5% down payment? Any suggestions or recommendations appreciated.