The Pay My Mortgage Plan. Why pay it all yourself?
Want to own a home without carrying the full mortgage payment and a low down payment? With the right loan, you can buy a multi-unit property, live in one unit, and let your renters cover the costs. Learn how My Guy Charlie can help you turn homeownership into an investment.
Charlie Roberts
3/24/20252 min read


What if I told you that you could buy a home, live in it, and have other people pay your mortgage with little money down? No, this isn’t a get-rich-quick scheme or a late-night infomercial pitch—it’s a real strategy conventional loan that allows you to invest in real estate with a low down payment while living in one of the units. It’s called Buy & Bank Strategy, and it might just be your golden ticket to homeownership and financial freedom.
And if you’re wondering how to make this happen, My Guy Charlie has you covered.
How It Works: Owner-Occupied Multi-Unit Properties
Fannie Mae and Freddie Mac both offer loan programs that allow you to buy a 2- to 4-unit property with a low down payment, as long as you live in one of the units. That means you can collect rent from your tenants, potentially covering all or most of your mortgage while you build equity.
Fannie Mae’s HomeReady® Mortgage
Designed for low- to moderate-income buyers who plan to live in one of the units.
Down payment as low as 5%, making multi-unit homeownership more accessible.
Allows flexible income sources, including rental income from the other units to help you qualify.
Mortgage insurance may be lower than standard conventional loans.
Freddie Mac’s Home Possible® Mortgage
Also allows as little as 5% down for owner-occupied properties.
Designed for first-time and low-income buyers with flexible underwriting guidelines.
Lets you use rental income from the other units to qualify for a larger loan.
Features reduced mortgage insurance requirements.
Why This Strategy Works
✅ Tenants help pay your mortgage – Rental income can significantly reduce or eliminate your monthly payment.
✅ Lower upfront costs – Traditional investment properties require a 15-25% down payment. With these programs, you can get started with as little as 5%.
✅ Build wealth over time – Instead of paying rent, you’re paying into an asset that can appreciate in value.
✅ Tax benefits – You may be able to deduct mortgage interest, property taxes, and rental property expenses.
What to Keep in Mind
You must live in one of the units – This isn’t just an investment loan; it’s for owner-occupants.
Credit and income requirements apply – These programs have income limits based on location.
Being a landlord takes work – Are you ready to screen tenants and handle maintenance?
Final Thoughts: Live for Less, Invest for More
Buying a multi-unit property and living in one of the units isn’t just smart—it’s a power move. You’re securing a home, building equity, and letting others help foot the bill. Whether you’re tired of throwing money away on rent or looking for a way to get into real estate investing without breaking the bank, this strategy is worth exploring.
And when it comes to getting the right mortgage for your investment, My Guy Charlie is the expert you need. With experience in helping buyers find the best financing solutions, he’ll guide you through the process and help you make the smartest move for your future.
Ready to start? Let’s talk or go to www.approvalbot.ai to apply.
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