Conventional Loan LTV Requirements

[Donald Hruska]

I am planning to purchase a multifamily property in the coming year, and I bill probably not be able to afford more than a 5% or maybe 10% down payment based on the area I am looking. I had been under the impression that for a conventional loan the maximum allowed LTV was 80%, but I am now hearing that that isn't true. If it is indeed possible to purchase a home with a conventional loan and 5% or 10% down payment, what other requirements are there? I was planning to live in the property for a year.