FHA allows 3.5% down on 1-4 units...UNLESS YOU HAVE A NON-OCCUPANT CO-SIGNER.And so, my loan officer worked for about 10 days to find another appraiser who was willing to categorize the property as a single family (again, that’s how it was zoned with the county, and because of the layout, locking or unlocking one door at the base of the stairs makes either the entire home accessible to one family, or splits it into separate units.)The seller agreed to wait for this appraisal, and luckily, the new appraiser classified the property as an SFR, but once the loan got to underwriting, the FHA-board decided that due to the upstairs kitchen and the completely separate utilities, this home would STILL be classified as a duplex, and therefore, with a non-occupant co-borrower, I’d be required to put down 25%.This is probably a good point to mention that I’m using a first-time home buyer program for the state of Oklahoma, which gifts you 3.5% for your down payment.

That’s awesome that you took advantage of the down payment assistance program.

Some jurisdictions will revoke a certificate of occupancy if a building sits empty for too long and/or fine the owner.

There are also a lot of first time homebuyer assistance programs out there that can help get you grant money to reduce the closing costs or downpayment that you need

Here's the first post, admittedly written quickly: - SBA guaranteed- Renters or owners can request loans- For people who are affected by C19 virus and consequent economic disruption: - Needs a standardized and easy lo...

VA has similar program.

Relief for this program has been provided in the past during other presidentially declared disasters.SECURE Notarization ActNAR is working with other trade associations and industry partners to support the “Securing and Enabling Commerce Using Remote and Electronic Notarization Act of 2020” (SECURE Notarization Act).

We have a close relationship with the section 8 office, I think that program and other housing programs will be expanded during this.

Since I'm willing to make this my primary residence and it'll be my first home buying experience, I'd likely use an FHA loan and Delaware's first time home buyer programs to finance.

She stated that there is a program where if it you first vacation rental property in the area, I believe county or state, that you could quality with 10% down instead of 20%.