Do I need 25% for Conventional Mortgage in Rochester, NY?

[Sarah Rothenberg]

Hello! I am looking at purchasing a property in Rochester, NY. I have a family friend who is an investor/realtor in the area and is helping me with the process. He told me that the bank that he usually works with typically requires a 25% down payment. I have found a fourplex that appears to make financial sense, except that I would not be able to afford a 25% down payment at its price point. I could however afford 20% down particularly if I could get the sellers to give me a credit towards closing costs. Are there lenders that would be more flexible regarding this? Am I better off just waiting and finding a property that more comfortably fits in my budget while continuing to save?