Is 3%-5% multi family HH dead ?

[RJ Dixon]

Hello BP!

I have just read the guidelines for Freddie and Fannie. My question is can you no longer use those loans for a 2-4 unit house hack. Also what other types of loans would be ideal for a owner occupied 2-4 unit? Any low downpayment options would help greatly.

I currently have under contract a illegal duplex so I was trying to live in one while I fix it up. The county records show its a single family. One AC, washer dryer hookup, one electric bill ( 2 meters though ) and 1 water meter. The appraiser originally ordered it to be a single family but now wants to run it as multi. We are trying to fight that as it’s a mother in law suite not a duplex hence lower downpayment ? Any tips and tricks? I have my lender working on it.

Cheers

-Rj

Also the land is zoned multi family.