Is 5% down possible on second home?

[Peter Parisey]

I currently live in a SFH have a conventional mortgage.

My father and I are hoping to team up and purchase a duplex together that we have our eye on.

I will rent out my SH and move into the duplex to get us an owner occupied rate and he will be the co-signer and pay for the down payment.

Our problem is that we cannot find a lender that will provide a loan with less than 20% down. We were hoping to purchase with FHA 3.5% down but have been told it's not possible.

Does anyone know of any lending options that will meet our needs of 5% down or less?