Full disclosure- I'm not a big fan of NACA and its red tape, but it's impossible to argue with the interest rate buydown my clients have gotten through the program. A

Also your State may have a similar program as this program has a 1% fee, not to exceed $1000.

This rule was easier to meet when rates were in the 2’s however now into the 5-6’s it makes the monthly PITIA much higher (principal/interest/taxes/insurance/assessments) and the rule thereby is much harder to meet or exceed.Some folks attemp to advert this rule by only buying 1-2 unit properties and while that is one way to avoid the rule, you do lose out on up to 3-4 units total and also the economies of scale that come with it too.It’s something to consider above.On Conventional there are 5% down programs that allow 2-4 unit owner occupied purchase as well however this program (a niche) has an income cap to it and you’ll need to make income that is “at,” or “below,” the cap in order to qualify.Hope that helps@Carlos Valencia@Matthew Kwan

Anyone who uses section-8 vouchers should be aware of this program as all your tenants qualify and would be an extreme help in a lot of cases.  

In addition to FHA, check out Home Possible, a FreddieMac program. As

I would look into the ERAP program as Victor mentioned.

I will do my best to post my progress along with my opinions about the program as I go.

I'm interested in the 45% guarantee program, as well as a few others. 

Also, I would contact your local housing assistance program and see if they'll meet with you for a general Q&A session to familiarize yourself with the program a bit more.  

I use the Freddie HP program a lot too here in Chicago.