Potential Lending Options

[Deonte Hill]

Hello Everyone,

I appreciate you for taking time to read this. I Just joined bigger pockets pro as im ready to jump Into the game and make some moves this year. I am looking to my first property this year. I have funds totaling around 20k for a down payment (100k home), however for my planned strategy I’d like to target homes at max 200k which should require a 40k down payment. Are there lenders who would accept less than a 20% DP or is this an absolute must? 

Thank you