Loan Options; Is 0% possible?

[Tyler Turnbough]

Hi! I'm new here and this is my first post, but I'm in the initial stages of planning to make a 2-4 multifamily Buy/Hold (Rental) move in the St. Louis market. This would be my first home, so I would have no issues with Fannie Mae/Freddie Mac caps or DTI.

My question is, are 0% loans (or nearly 0%) possible through any channel other than FHA (at 3.5%)? I have a family member in the Nashville area who believes there are 0% down loans available in their market. Apparently these must be through non-Fannie Mae/Freddie Mac lenders (according to this source and this source).

If it is possible, I assume the rates would be higher. Is expecting ~3% higher a valid estimate or am I way off base?

I'm trying to determine what kind of down payment I need to be aiming for as a make plans to make this happen.