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Updated almost 2 years ago,
Hi BiggerPockets peeps!
Greetings everyone. I am going to purchase my first multifamily this year but have run into a few snags. Mostly financing. I make about $65k/yr and have $15k in savings for a down payment. Credit score of about 680. I am going through a program called NACA. They offer no down payment, closing costs, PMI and will help with repairs if there are any that need to be made. That is suppose to aid in helping first time buyers get financed. I had everything in order and they would not qualify me for a loan because I am a contracted engineer. Are there any other programs that I could use that i could possibly get the same perks? I am from the Kansas City, Mo area and would like to purchase a few multifamily properties here before going out of state. Anything helps.
Thank You!