3-4 multi family financing

[Jessica H.]

I'm looking to purchase a 3-4 multi-family property with my brother. I would be the only one living in the property since he lives out of state. We were originally planning on going with a FHA loan expecting a 3.5% down payment but it seems that the criteria has changed. Since I would be the only co-borrower living in the property, the down payment would instead be 25%. And so the best financing option for our scenario now is a conventional loan with a 20% down payment. This is really surprising to us and was wondering if this accurate? Are there any other low down payment options for our scenario?