Brian, please don’t take this the wrong way, but there is a slim to none chance (highly leaning towards none) of you being able to find what you are looking for with 0% down. Even if your credit was a 780+, it's just not going to happen. In regards to any property with 5+ units, you are going to need 25% down minimum. However, if you are looking to purchase a 4 unit or under property and you are going to OCCUPY the property, you can POSSIBLY do a FHA loan with 3.5% down. There are lenders who do FHA loans with 580+ FICO's instead of the common 620+ FICO. These lenders are very difficult to find and I have only seen them do single family homes. I do not know if they can do 2-4 units or if they require more than 3.5%.
Aug 13, 2009