Lender changed down payment % after offer acceptance

[Account Closed]

Looking for advice: Tampa : communicated to my loan officer I was looking for a live in multi family/ multi unit. My loan officer ran numbers using 5% conventional after I sent him the property I was submitting an offer to. After offer was accepted they now said they are unable to lend at 5% but 15% . How would you handle this situation?

[David Kelly]

Unfortunately the down payment requirements cannot change with conventional lending.  The lender did not do the proper research when looking up your property.  You might get some other ideas on other types of lenders on here but the conventional Fannie/Freddie route wont be any different.