FHA or NACA For First Time Househack?

[Rodney Harris]

Hello! It's time to roll up my sleeves! I am looking at different first time homeowner programs to get into my first house hack!

I know with

FHA

3.5% down with seller assist up to 6%

Smoother process (I heard) than NACA

Since it's federal of course there is a lot of red tape

Have to stay for 1 year

NACA (still need to do more research)

0% down , no down payment, no closing costs

Longer drawn out process than FHA

Have to stay three years? ( not sure on this one)

Buy out clause close to 25k?

I would like to get into a fourplex but a duplex would do! However there are duplexes and a fourplex that I could get into. I want to get into something by the end of the year.

Should I go with FHA since they are more proven and used in the investing community and possible get into my house hack quicker?

Should I got with NACA that would help me preserve capital, but have a longer process, but possibly have me in the same place for 3 years which is what I don't want lol

What do you guys think? Thanks in advance!