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Put down 20% to avoid PMI and to get the best possible interest rate.
Go with a fixed rate only, no matter how low the ARM rate starts out.
Beware of places like lendingtree.com, they like to sneak in alot of junk fees or bump your rate at the last minute when you're ready to close and they know if you cancel the deal because of that you won't get the house because someone else will buy it before you secure other financing.
Go with a local bank or mortgage broker who will disclose ALL of their fees upfront so you know what you're getting into, and you know who to go beat the shit out of if they try to screw you later.
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