You will usually need to have outstanding credit, an appropriate debt-to-income ratio to support a big loan, and the down payment will be substantial because of the cost of the house. Payments made on a balloon mortgage will usually be lower than average, and sometimes will only be interest payments.
This leads to a large payment at the end of a reasonably short term. These mortgages are typically gotten commercially, and are gotten by those planning to sell a property in the near future. A loan with no down payment used only to veterans. The down payment for a VA home mortgage is helped by the VA - how do reverse mortgages work in utah.