United Real Estate
If you are talking about buying "Another Home" or what we lenders refer to as an "Investment Home" where he has NO plans on moving in, the down payment can be a high as 20% down.
That aside, you might just be surprised to know that you can actual finance the home and have your Father in Law co-sign for you. I've had many cases where people just had some low scores caused by some old collections or charge off, but given the choice of having their Parents buy for them, we used a little of what would have been a higher down payment to help clean up the borrower clearing the way to purchase. Just a thought.
Let me know if you need assistance. I am here in the Lone Star State.
Best of Luck!
You just might want to run this buy your REALTOR for a referral to a lender with the solution you want.