Is possible to do conventional loan with 15% down?

Whomever provided your information is mistaken. We can certainly do conventional with 5% down or FHA with 3 1/2% down on a purchase. The 3 1/2% FHA down payment can even be a gift from a family member. Your mis-information is one of the reasons you should speak to a mortgage professional when in the planning stages. Most of us enjoy talking to prospective borrowers without any obligations whatsoever. Shoot me a quick e-mail if you have any other questions. lharvey@advisorsmortgage.com Good Luck with your new home plans.