Down payment on a small owner-occupied multi-family in CT?

[Curran D Bishop]

I'm applying for a loan for a deal I'm under contract on: a 4 unit which will be my primary residence. I have had my local bank and a loan officer tell me because it's more than 2 units I have to put 25% down, but REI friends in the area, and another loan officer have told me that on anything under 5 units, if I'm owner-occupying, I should not need that much down. I also own two SFHs in other states--neither is FHA or Vet. benefits, etc. Does anyone know why I have two different sources insisting on 25% down? Is this a CT thing?

[Chris Puglisi]

Hey Curran,

Congrats on being under contract.  You should be able to finance with much less down.  Maybe that bank just doesn't offer that product.  You should reach out to Carrie.  She might be able to help you.