The recent low rates of Mortgage Lenders are due to the reduction of the rate at which the U.S. Government will lend to the Mortgage Lenders.They are a reflection of the Government's efforts to stimulate economic growth.However, many Mortgage Lenders are still lending with very cautious standards because of the 2006/7 mortgage crisis.
Most Lenders will typically require at least 10% down, regardless of credit.
Many different characteristics can define whether or not any particular location is desirable.It all depends on the type of client, what their interests are, as well as their personal characteristics and dispositions.Most people consider areas with a history of positive economic growth good.Whether or not any particular area has a history of positive economic growth depends on the types of businesses operating there, the local government organizations, and the employment rate.
Typically lenders will have lenient underwriting guidelines and credit scoring requirements when the down-payment is as high as 50%. However, guidelines and requirements differ from lender to lender.