Start with the real issue
The short answer depends on the details behind the application, not just the label attached to the borrower. The amount is lender- and file-specific, so it should be calculated from the property, equity or down payment, income, debts, and current lender policy. Rather than treating this as a yes-or-no rule, review the borrower, the property, and the financing goal together before choosing where to apply.
Down payment is tied to risk
From an underwriting perspective, the amount required can vary with credit, property type, location, income documentation, and lender policy.
More equity can improve the discussion
For this particular question, a stronger borrower equity position may provide more lender choices or better pricing, especially when other parts of the file are weaker.
Plan for costs beyond the down payment
What changes the answer is that legal fees, appraisal costs, lender or broker fees where applicable, land-transfer costs, and reserves should be considered when deciding how much cash to use at closing.
Where borrowers get stuck
A borrower coming out of a credit setback might use a short alternative term while rebuilding the bureau, then refinance to a prime lender once the file meets stricter guidelines.
Documents to have ready
- the decline or lender feedback, if one has already been received
- income documents that match the way you are actually paid
- current debts, monthly obligations, and available savings or equity
- property details, purchase timeline, and any financing deadlines
Talk to Approval Path Mortgages
For non-prime borrowers, lender fit matters as much as headline rate. Approval Path Mortgages can review the file, compare suitable lender categories, and explain the cost and trade-offs before another application is submitted.
No credit check. No documents. No obligation.
General information only; mortgage approval and terms vary by lender and borrower. Not legal, tax, insolvency, or financial advice.