Are there any conventional loans available that require a down payment of 6%?

[Timothy Christian Jr]

I am encountering difficulty in finding a suitable mortgage for my rental investing career. Every bank I speak to insists on a minimum 20% down payment if I do not plan to reside in the property. You may wonder why I do not consider house hacking and obtaining an FHA loan to resolve this issue. However, I am currently attending a community college in California and have not yet decided on my 4-year college. Consequently, I will not be able to reside in the property for the required duration to qualify for an FHA loan. I will continue my search, but I would appreciate any suggestions you may have. Should I persist in finding a conventional loan that allows for a 6% down payment for long-distance investing, or should I explore owner financing?

Any feedback would be greatly appreciated!

Thank you, Tim.