What are my financing options with this duplex?

[Lance V.]

Hi everybody,

I'm looking at a duplex near me in Chicago that I'm interested in purchasing as an owner-occupant. It's listed at 25k and both units are 3 br / 1 ba. The rents I'm seeing are around 800-1000 per unit.

It's a Fannie-May homepath property. It says you can purchase for as low as 3% down and that it's approved for a Homepath renovation mortgage.

Can anyone explain this a little bit to me so I understand my options? For the record I have close to 0 cash right now but 700+ credit and a stable salary.