Homewrite is seems like it could be a good option.

What I don't like is seeing the removal of peoples options and freedoms to self select and engage in what they want to do. 

There is 3-5% down payment options you can use.

If that doesn’t work, then on to another option.

This is typically HIGHER than option one. 

Some/many lenders don't like a 2nd mortgage behind their first (like the skin in the game), however there are both bridge or permanent financing options out there allowing you to leverage anywhere from 90% CLTV - 100% CLTV, but don't expect good terms...

What are other options do we have if we don't have piror experience? 

I would check and see how many 1 bed and 2 bed options there are and what they are priced at because most folks will prefer the full place to themselves so rooming 2 people together could make getting bookings a bit more difficult (not always the case but something to consider)

Try to narrow down your options to the top 3-4.

As others have suggested, you could get a conventional or FHA loan if you want lower down payment options.