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Is it still possible to get a mortgage with only 10% down? We recently had a deal for the sale of our co-op apartment fall apart because our buyer could not get PMI (she was only putting down 10%). We were advised that in this economic climate, banks are very reluctant to finance 90%. We’ve put our co-op back on the market with a 20% down payment requirement, but I’m seeing other apartments listed that only require 10%. Are we losing a lot of prospective buyers by requiring 20%? (By the way, our apartment is priced at $409K, so even with 10% down, a buyer would still be getting a conforming loan.)

Thanks for any advice/experiences/thoughts!