3% Down Conventional Loan

[JayCinta Henry]

Found a great duplex in DFW, for $220k but seller insists no FHA financing. My intention was to do either a 3% conventional or 3.5% FHA loan-I have a low cash down payment that I have raised. The lender I was working with said since it's a duplex minimum down payment has to be 15%, plus closing costs that's a stretch. I still want to pursue this deal but with a low down payment option. Is it possible to obtain a 3% down payment for a duplex? Are there any lenders who can consider this deal in DFW area?