Minimum Downpayment for an owner-occupied condominium

[Donald M.]

I am thinking of buying a condominium which I will owner-occupy, at least initially. In general what should I think of as the minimum downpayment and can I contact any lender to get it, eg should I just look for highly rated brokers in my area or should I go directly to organizations like Penfed or a local bank or credit union?

Right now 20% of the units are owner-occupied.

I am looking to minimize the downpayment to take advantage of low interest rates. I'm guessing that this benefit will offset the loss from PMI, but don't know what the requirements are for PMI or whether there is any way to get around it.

Thanks!