There was a 'time' when a lender would not give the time of day to anyone without the means to put down 20% of the asking price and the demonstrated ability to pay the monthly mortgage payment, along with insurance and property taxes.
I hold these lender scam artists in as much contempt as these who believed the deception they could afford to buy these unrealistic mortgages.
My kid, fresh out of college, good job, no debt, and 6 months of earnings in the bank was told by a real estate agent he could qualify for a $150,000 mortgage. He did not take the 'bait' but there was something out of the ordinary going on in the real estate mortgage business.