Down payment for conventional financing

[Peter Holland]

I have an investor I'm working with to help locate a property to use the BRRRR method. He has hard money financing lined up. However he's looking into doing conventional financing as a secondary option. I've spoken to a few lenders and they are saying he will have to put 25% down as a non-owner occupant. I always thought that you could do a 20% down payment in this situation. Can anyone provide any insight?