For example, Fannie Mae sets its maximum DTI at 36 percent for those with smaller downpayments and lower credit scores. (themortgagereports.com)
Very small downpayments make defaults more likely because even a small drop in prices leaves homeowners owing more than their house is worth. (canadianbusiness.com)
For first - time buyers making small downpayments, the affordability levels are relatively lower. (nar.realtor)