Several DAP’s (downpayment assistance provider) will grant on NOO property but the problem is finding a lender that can do it. It is possible but you will unlikely get a 100% financed deal. BUT, if you are planning to live in one of the apts., then you may be able to get a FHA loan and a DAP will then be able to help make this a 100% deal for you. I recommend www.neighborhoodgold.com
Does anyone know of a lender that would accept gift funds as a down payment for multi family apartment buildings that have 4 units and up?
Also, does anyone know of a non-profit company that offers grants for multi family apartment buildings that have more than 4 units? Please reply. Thank you.