Newsflash: Low Down Payment Options (NYC)

I came across a few interesting Low Down Payment Options, the Freddie Mac Home Possible and Chase Dreammaker. Unfortunately, those loans will not cover the high cost of properties around here (NYC). What are other feasible programs are there aside from FHA? I have read a bit here and I keep seeing people talking about 5% Down as a reasonable option. Is that just in lower cost areas or is it possible here? If so, what loans are you getting?Thanks!



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