Is 20% down needed for non-homestead duplex?

[Katie Esmay]

Hello everyone!

First time poster here! My husband and I live in MN, and would love to buy a duplex as an investment property. We are currently homesteading a single family home, which we have been renovating and not quite ready to sell. Do we NEED a 20% down payment since it will be an investment property? Or can we do a conventional loan with a lower down payment? Thanks in advance for the help!