Buying my 3rd Owner/Occupied property

[David Ley]

My 1st duplex I had purchased with a Conventional loan, then my 2nd duplex I had purchased with an FHA loan (both Owner/Occupied, just over 12 months in between). I will be looking for my 3rd duplex about eight months from now, and it will also be Owner/Occupied. My mortgage broker from my credit union informed me that if I purchase a 3rd Owner/Occupied property, it would require 15% as a down payment. My question is, is this just his lending institution's requirement, or would basically all mortgage brokers in this situation require at least 15% down?  Much thanks in advance!