With all the negative publicity surrounding mortgages, its easy to get the feeling that no one is getting money to buy or refinance residential real estate.  Just for the record, here's a list of just a few of the programs still available for loan amounts of $417,000 or lower:

100% financing for primary residences with documented income and assets. First time home-buyers are OK.

95% financing for primary residences with stated income and assets for 680 FICO scores and above

90% financing for investment properties with documented assets and income.

75% financing for investment properties with stated assets, income, and credit scores of 680 and above.

90% financing for One Time Close construction loans, primary residences with documentation of assets and income.

80% financing for building lots with documentation of income and assets.

As you can see, this covers almost all the typical scenarios, unless you're in a higher cost area.

This is not a compete list, there may be other programs available in your local area.  If you're in Idaho, you have the IHFA loan available, and you don't always have to be a first time home buyer to qualify.  Right now, those rates start at 5.17% for 100% loan to value.

What have we lost?  Here it is in a nutshell:

100% loans to people who just got out of a bankruptcy and have low credit scores.

100% loans to investors, some didn't require documentation of assets or income.

95% building lot loans.

No Documentation loans.

Most combo second mortgages.  That's not the end of the world; mortgage insurance is now tax deductible.

Right now is the best time to buy.  the prices are great in many areas and the loan rates and programs are great!