Purchasing another property, loan options ??

[Ryan F.]

Hi Everyone,

My Name is Ryan and I am from the Madison WI area,I currently own a duplex that I bought just over two years ago as an owner occupied property.  For this loan, my first mortgage, I did only have to put down 5% and also received an $8K down payment assist/first time home buyer credit which if I can remember correctly I had to remain in this property for 5 years in order to receive the full amount.  I have been doing very well with this property and have learned a tremendous amount of knowledge over the past couple of years.  With that said I was wondering what ways or options I have if I wanted to pursue another property??  Obviously I could just use a conventional loan at 20-25% down, but unfortunately I do not have roughly $40k laying around.If at all possible I want to move into the new property, most likely another duplex, and rent both sides of my current property.  Any help would be much appreciated!