Homepath Financing Help

[Robert Delgado]

Hello everyone, 

I have a question related to Homepath Financing and how it affects investors. My best friend and I are looking into a duplex that is eligible for Homepath Financing with as little as 5% down on the loan. However he spoke to the broker he works for (He is a real estate agent) and the broker told him that we need  put at least 20% down on the house in order to get financing because we are buying with the intent of renting it out. My question here is can we utilize the Homepath 5% down payment if it is going to be a rental property? Or do we need to put  down 20% in order to finance the property?