Multi family financing

[Rudy Manna]

I have a multifamily home under contract and I am going with a local bank . I am putting 25% down, regular loan (this is my 3rd property). I asked the bank If I can go with 20% down payment and the bank tells me that I can't go below 25% for multifamily properties.

Does that sound right? For this purchase I will probably go with the current bank but for future purchases I want to learn if there ways to buy Multi-Family with 20% down-payment.