Multifamily Decision Dilemma!! Help!

[Jeff A.]

Ok... I've owned an owner occupied conventional 3 fam for almost 2 years and I found a great deal from a friend on another much nicer and larger 3 family in the area. So I'll move from one to the newer multi.

I've hit a wall on what loan to proceed with... please help!

I've called 15 banks and most say my options are generally fha 3.5 down or conventional 20% down.

Best deals i found are:

10/1 arm conventional 5% down at 3.625 rate

Conventional 20% down at 3.625 rate

FHA 3.5% down at a wild 2.8-3 rate

what's the best route to go? Especially if, ideally, I buy another multi in 3-5 years