Financing Second Deal!

[Darian Richardson]

Hello Biggerpockets,

It has been about 18 months since I purchased my first deal of a duplex that I am currently house hacking. I am looking to do the same process of house hacking a multi-family but on a larger scale this time and purchase a quadplex. The situation I am running into is, since I am already financing my current duplex with a FHA loan, I won't be able to pull out another.

Are there any other owner occupied loans that I can take advantage of with a low down payment similar to the FHA 3.5% down. I am not planning to go down the 20% route due to the high price point in the Atlanta market. It'll be ideal to place 15k - 20k down for a quad-plex in my current situation.

Would anyone have any recommendations, or links to a low down owner occupied loan? I took a look at Fannie Mae's Conventional 97, but they have a "one unit principle" which goes against what I am aiming for. With the Home Ready program, I am a bit unclear of there stipulation with already owning a property.

Any thoughts or recommendation if you have been in a similar situation, how'd you manage to prevail?