20% or 25% down for conventional loan?

[David DeGeorge]

Would love to get some feedback from everyone on what I should expect with down payment on a multi family investment purchase. My first few properties I purchased I was able to put 20% into a 5 year ARM. Seems like many lenders have changed terms and are now requiring 25% down. Is this the case across the board or are there still 20% down options out there for conventional loans? I've reached out to over a half dozen lenders and they all want 25% down. I'd rather keep more money in the pocket if possible and purchase with 20% down. Thanks for any input.