conventional vs fha in CT for multi family

[Reece Randall]

Hey fellow Investors!

I'm back again, a little more educated and still learning ! Another question or stumble I come across, any advice appreciated. So once again I'm looking to invest into a owner occupied property in the New Haven county area. I have found a house in Meriden, CT. 

The house is roughly 250,000 for a just about turn key 2 family unit. I currently rent and have about $22,000 saved up, credit is 800, no debt other than a car note. I got a prequalification letter to start my process, however I ran into a problem. 

I'm not trying to use FHA only because the PMI with the lifetime of the loan, so I was hoping to go the Conventional route with 5 % down.

However!!! I was told today that with Freddie Mac/ Fannie Mae on a multi family unit I need at least 15% down and 6 months of reserves. 

Just looking for advice anything appreciated! If I was incorrect on any of this, like I said I'm still learning !

THANKS GUYS!