I have some questions on whether to sign up for a forbearance or deferral program with our mortgage on our home and 2 STR's..   

The goal here is that the property needs to fit the math equation of the BRRRR as well...but more on that in a moment.When it comes to buying my primary home, I can buy with 5% down, 3.5% down, maybe 3% down and even LOWER with Downpayment Assitance Programs that would be available to me.

Known as the Paycheck Protection Program, the initiative provides 100% federally guaranteed loans to small businesses.

It is much easier to modify an existing program being run by the correct federal department than to run a program thru the bank.  

@Ann Bellamy, @Max K.Max,Ann B. is a trusted colleague and Black Diamond puts on a great program.

If the property remains in your parents' name, there are mortgage programs for first time home buyers where the fees are included in the loan or even paid for by the lender. 

Appraisers do not exist in the world of mortgages because nobody else can figure out what the property is probably worth - any monkey can do that.Computer programs can not be programmed to calculate human objectivity as it translates into dollars. 

Does anyone have more information about this program?

Do not do this program money hungry cons. 

Lenders have changed the way that they lend and are being more conservative in many instances to mitigate risk. shoot me a message when youre ready I'll give you the contact info to a few lenders with really strong programs s that you can start to shop them, this way when the dust settles not the pandemic you'll have a few options and new relationships.