Mortgage classifications and borrower creditworthiness

Suppose Janet is planning to purchase a home and in her mortgage application, she declares that she plans to put a $45$ percent down payment on the home. Additionally, Janet's debt$-$to$-$income ratio and credit score are $7$ percent and $850,$ respectively.

Assuming that Janet's mortgage application is accepted by the lender, how would her mortgage likely be classified?

Federally insured mortgage

Fixed$-$rate mortgage

Prime mortgage

Subprime mortgage

Suppose Carlos, Deborah, and Felix are looking to purchase homes in Atlanta, and they all happen to find exactly the home they are looking for within a mile of one another, each costing $$270,000.$ None of the homeowners have enough cash to purchase their selected home outright, so each of them needs to submit a mortgage application in order for their lender to determine whether or not the borrower will be able to repay the mortgage loan. Suppose Carlos, Deborah, and Felix all use Bank of America as their lender and that they all submit their mortgage applications at the same time.

The following table shows: $(1)$ the amount that each borrower suggests they will put as a down payment on their home, $(2)$ each borrowers' debt$-$toincome ratio, and $(3)$ each borrower's credit score.

Using the information in the table, answer the question that follows.