Conventional Loans with 5% downpayment, help!Hello,My boyfriend and I are thinking of purchasing a home. Based on what we qualify for and what's available, the homes in our range are outside our city of employment. We know of friends and acquaintances who will live in a city that may very well be an hour to an hour and a half away from where they work so they have a home they can afford. Although we have excellent credit and the down payment, the hiccup we're running into is the fact that he is employed in a city well outside of where the home is located, while my job requires me to travel, often into the city where the home we're thinking of is located. Even my boyfriend's boss lives in the area we're thinking of purchasing in, and his boss drives all the way to the city the company they work for is located. Is this requirement strictly for conventional loans accepting 5% down payment or are we not looking into the correct type of loan? Any answers are greatly appreciated!Thank You :)August 29 2012 - US00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.