Portfolio and conventional loans

[John Garza]

Is the down payment of a portfolio loan typically 20% like a conventional loan? Or lower?

I'm having an issue coming up with 20% Downpayment for a conventional, I can't do a FHA because I already have a primary residence and I would not be able to occupy the residence,want to stay away from hard money loans for now because of the interest rate and time frame of the loan. For example, I can afford 10-12% down on a 72,000 mortgage loan, any suggestions? Would I be able to get a portfolio loan at 10-12% ?