Multifamily Financing other than FHA, Hard Money, and Cash

[Max Filbeck]

Hi all BP members,

I have recently been looking to purchase a multifamily property, approximately 3-4 units, and have encountered issues with sellers not wanting to deal with FHA loans. My lender notified me that I cannot qualify for HomeReady or HomePossible loans due to the AMI limit for these conventional loans.

Does anyone have any ideas of what types of loans could work for an owner-occupied multifamily property other than FHA, hard money, or cash? I am open to all ideas.

Thanks for the help!

[Chris Mason]

Freddie Home Possible 95% LTV 2-4 unit: effectively stopped existing in July 2019.