Searching for Niche Loan Products

[Dan Bitner]

Hi BP Team,

I'm looking to make my first small multifamily purchase in San Francisco this year.  I'm lining up my financing but want to ensure I'm aware of the different mortgage programs being offered, and those which could be beneficial for multi-family.  So far, I have three:

1/ VA Loan (CalVet), as low as 0% down, no PMI, can roll closing costs into the loan, 6%, up to 4 units

2/ Citibank Homerun program, as low as 5% down, no PMI, $7500 towards closing costs, 5.75%, SFH & duplex only. Must buy in a low or moderate income census tract

3/ First Republic Eagle Community loan, 20% down, $5K towards closing, 4.75%, up to four units. Street-by-street address qualification (if not a designated area, interest jumps to 5.15%).  There is a cash deposit requirement against the value of the loan (10-15%)

If folks are aware of any other niche products/vehicles, I'd be very interested to learn.  Thanks so much!!