Lender changing down payment to 30% 3 days before clos

[Kevin Lisewski]

I'm under contract to buy a condo in Florida at 25% down. Closing on 6/30, in 3 days.

Lender called and told me I must put down 30%. Apparently the condo complex is more than 50% investor-owned, and Fannie will require the higher down payment.

I feel the lender is at fault because the condo docs were not requested when we got under contract initially, on 5/30. The lender requested the condo docs on 6/24, 6 days prior to closing.

I don't want to put the additional 5% down, and I am also outside my contingency period and would lose my earnest money deposit.

Ideas? Advice? Much appreciated!