Looking at buying a 2nd house

[Steve N.]

Hello everyone,

I am looking at purchasing a second home. Not sure if I would rent it out or just flip it. I just recently refinanced my own home to get a lower interest rate, I closed at the end of January. I found a house that the owner is asking far less than what I believe the house to be worth. The sellers of the house I am interested in don't want to use realtors or anything. I called my lender and they will only give me a investor loan and require 15% down and I read online with investment loans the interest rate is higher. I would love to use more of the banks money at a lower interest rate. I can afford the 15% but again would rather use more of the lenders money at a lower interest rate. Can you guys give me any tips or ways to approach this? My lender was saying that if I try to say "owner occupied" it could be considered fraud. 

Thanks,