Low Money Down Lenders NYC for House Hacking Property

[Rachel Covert]

Hello BP friends! I am looking a MF house hack in NYC, and found a property I really like, in a great location, however it's a jumbo mortgage and all of the conventional banks require a full 20% down, plus I'd need a whole bunch more cash for the closing costs. Then I have to renovate. So two questions:

1) Has anyone found a mortgage product that allows someone with excellent credit, income and work history to put down more like 10-15%?

2) How does the renovation loan work? Is that rolled into the mortgage, or is it a separate loan?