5% Down Conventional for Owner-Occupied Duplex in Denver?

[Jared Bandel]

Hello everyone,

I am currently hoping to buy a duplex or triplex in the Denver area within the next 6 months. I was working with a lender who has pre-approved me and told me that I could get a loan on a multifamily for 5% down. I would like to avoid FHA if possible because I will have more than 3.5% to put down, but the lender I was working with told me I'd need at least 15% to get a conventional through her company.

Does anyone know if it's possible to get a 5% down loan on a multifamily for an owner-occupant? I've heard yes and no from various sources. If so, do you have any recommendations for lenders?

Thanks in advance!

Jared