Foreigners are eligible for the SAME loans as American citizens/residents.

I'm 26 yo and I'm currently a dentist going through residency.

I want to purchase a 2 family home in Western New York, using this low interest loan.I would occupy 1 unit as my main residence, and would rent out the other side.A few questions for people who have dealt with this program..Do they allow half of the multi family home to be rented out, or are they focused on only owners living in the home?

Based on the quick glance of your link I could not find anything that referred to deficiency judgments or properties other than primary residences, can you point to where that is mentioned?

It does not survive the sale.Anyone residing in the property is the responsibility of the new owner.

Unless you can get in a residence and slowly rehab it--sell it in two years and make a tax free gain I'm not convinced this plan is doable.

I've seen some that looked OK, but OK isn't where I want to be in my residence, flips or rentals.

There are also resident agent fees, etc.

For non-residents, lenders usually would only go up to 65% (ie 35% downpayment), but sometimes they do make exceptions if the client's profile and the property are great (i've seen them giving 80% to non-residents).I'm not sure about the tax.

To answer you Jon,This is my first project, so YES I am learning as I go.No this is not my primary resident, and I got into this for a flip.