The required down payment amount will depend on various factors, including the terms your mortgage lender mandates and the type of mortgage loan you get
There are several types of mortgages, including 30-year fixed-rate loans, 15-year fixed-rate loans, and adjustable-rate mortgages
What numbers and ratios are critical to mortgage lenders? This might include debt-to-income ratio, net worth, and credit history.
A debt-to-income ratio greater than 36% is considered high-risk for lenders and may make it difficult for you to get the best interest rate.