With a limited budget using a targeted list can help you "save" money.

Perhaps you try conventional financing with 20% down and around 5% interest rates.  

"Effectively, borrowers will be tested against their ability to pay their mortgage if actual rates were as high as the Bank of Canada's [reference] conventional five-year mortgage rate, which is currently 4.64 per cent."

We have been using creative financing options to this point in order to maximize opportunities and due to limited financial resources of our own.We have what seems to be a great opportunity to buy a triplex in Salem, Ohio via seller financing; (my husband and I analyzed the numbers, taking into account cap ex, possible vacancy, management, etc. and it is a great opportunity numbers-wise.) 

I understand that the mortgage limit with most banks is 4, but some can go up to 10.

We have used them for the last couple of dealsThey do 30 year amt on 3 to 7 year adjustable rates.  

That limits the amount of people you could sell it to.

Just one empty unit means a 25% vacancy rate despite the market rate of 5%-10%.

HomeReady also allows Boarder Income (roommates) if you need it to qualify.The rates are slightly higher for HomeReady than FHA so it would be best that we run an analysis to see which is the better deal for your future plans with the property.A few other differences: HomeReady has income limits, FHA does not.

Does anyone hear of this lender or have you worked with them before. They claimed to fund 100% of purchase price anytime. We are going to close this week and I checked with my partner, she didn't get any trust deed or...