I have $25K cash for a down payment and can add $20K/year ($1,600/month) toward payments.No W2s, I've looked into building a small home right away and using a bank statements loan (have about 8800. monthly income) , but with 9%+ interest rates, it’s beyond my budget.Is there any sort of creative financing ideas possible or private lender possibilities?

I know of a lender that offers a 0% down, owner-occupant conventional loan that is a fantastic option for househacking.

I would recommend shadowing a few loan brokers for the first 3 months being newly licensed. 

@Shwetha Pindikuri,Assuming an FHA loan with a second mortgage can be tricky, but it’s definitely doable with the right lender.

Just bc he says he will fix wiring is seperate from your loan denial letter.

A foreign national loan should work.

Smaller house cost, lower loan costs.

Your loan amount would then be 155k - at what 6% or so?

@Edward Heath you'll want to check the requirements for the $12.5k loan.

I am pursuing Fannie Mae’s 5% Down Multifamily Loan.