The goal is to get 5% or less in down-payment.FYI, I’m not eligible for the HomePossible program as my income is slightly more than the qualifying income limit.

I would see if you have some local resources that can help you get more info on the CERA program as Im sure there is an app process that should be available to you and not just your tenant.

Most house hacking in the Chicago area is happening with the FHA program as the low down payment conventional (home possible) no longer works in Chicago for the most part.

@Matt 'Roar' Gardner - Thanks for posting about the Vendee Financing Program, as I've never heard about this program!  

I am currently learning from my mentor Pace Morby in his subject to program. A

Mortgage and lending professionals, I signed up for a program a few months ago that's basically a budgeting tool (kind of like Quickbooks online) that shows you how to use an open line of credit (like a credit card or a HELOC) to pay down your closed ended debt (like a car loan or mortgage) really fast by taking advantage of how the interest is calculated on an open line of credit (daily simple interest) verse a closed ended line of credit (30 year amortization).

When finding your first brokerage, look for one that has awesome training and mentor program.  As

For FHA/lower down payment options, closing costs will be higher than a conventional program. A

Depending on the property either fannie or freddie’s rehab program, a non qm, or hard money lender.

I’ve now been a part of the Featured Agent Program as an agent in both Nashville, TN and just outside of Los Angeles, CA, and can attribute over $15 million in sales volume from the leads in just over 18 months.