Low Down Payment Mortgage Options

[Blake Dowe]

Hi All,

My first property was a 3-unit house hack that I purchased through FHA with 3.5% down just under a year ago. I am now just about ready to purchase another multi and am having a hard time finding other low down-payment options to utilize.

Does anyone have experience with low down payment mortgage options for multi units for non first-time homebuyers? I am willing to move out of my current property to owner occupy the new one if necessary. One idea I've come across is to refinance out of my current FHA and try to get another one with 3.5% down, but I'm not sure how plausible it is to get another FHA Loan without an increase in family size or geographical job change.

Thanks!