down payment percentage questions

[Kenny Sibrian]

hello everyone, i was wondering when using conventional financing who determines what percent down payment should be? is the down payment percentage negotiable? 

[Russell Brazil]

Originally posted by @Kenny Sibrian:

@Russell Brazil but with most loans that are owner occupied, is there a time limit you have to live there? from the BiggerPocket podcast i heard a few times mention that with the fha loan you would have to live there for about a year? im looking at getting loans with a loan down payment if possible, what should i be on the lookout for? 

the reason i ask this question is because next year i plan to purchase 3 property with the third  being my main residence but i plan to live in the first property while rehabbing for a few months. 

 At closing you will have to sign an affidavit that you intend to live in the property for a year.