Do banks/lenders offer low down payment options on primary residence even if it is not your first home? I know there is a the FHA and state grant programs, but I'm curious if there are options for 5% or even 10% down even though you aren't a first time home buyer?
Yes they do. You can do the 3.5%-5% down no problem, even on a second home if your DTI will qualify you.
The fha, as low as 3.5% and conventional, as low as 3-5% have nothing to do with being a first time buyer, only that you will owner occupy.