There are programs that offer 100% financing for many different people like Veterans, First time home buyers, (Certain states), Medical professional loans also offer 100% (Anyone with a Medical license).You also have Second Home or Vacation home which only requires 10% down.

They paper push the file into processing to then find out they submitted wrong or it does not fit under a certain program.

If 80% LTV for cash out, 1.25 DSCR ratio is required for the program that offers that.

This program could certainly be beneficial for house hackers, but on a policy level, it’s likely throwing good money after bad.

I plan to to rent it for 3500 when the time comes (first floor with basement)We are currently looking for our next multi family but just need to figure out the best route forward for financing the purchase.Use our own money, tap into the equity here, refinance here out of our FHA to roll into another one at our new property, go the Fanny Mae route with the 5% down Multi Family home loan program. 

PGW which is the gas provider in Philadelphia offers  the landlord cooperation program.

Additionally, ALE Solutions (housing relocator) offers a "Preferred Landlord Program" for priority placement within their network.

@Svetlana Nikic The 3% down conventional program is called HomeReady.

If the seller is cooperative, they may let you restructure it with another program/lender...

If anyone would like more information on how to do this please send me a message and I will be happy to go through the program with you.