Financing First Multifamily

[Jon Foley]

I’m sure this question has been asked numerous times, feel free to link me to this existing topic. 

I’m trying to buy my first duplex or multifamily. I’ve started to get pre-approved, but I’m not thrilled with the results. Since I don’t plan on house hacking, lenders are saying that investment multifamily properties are currently subject to 25% down (in Florida) and higher interest rates (~5%).

One lender vaguely hinted that if I “INTEND” on living in the duplex, everything changes for the better. I just moved last month and don’t want a bunch of red flags. Does anyone have advice for this situation? 

I’m guessing that I can INTEND on living in the duplex and change my mind after the purchase. Since I don’t make a ton of money, lenders will probably require that my current house have a lease before lending more money? 

Thanks everyone!