Percent Down Payment

[Stephen Meche]

I searched the forums and was not able to find what i was looking for so i figured i would ask the community.  I made an offer on my first reaI estate property and was always under the assumption that putting 20% down was the lowest i could do on a conventional load.  Well today, i found out that one of the companies approved me for 15% down.  Which down payment amount would you pick and why?  I think there are pros and cons to each.