First off: No the headline is not a typo. (5/30/2008).

It is true in South Florida we have seen a surge of a true Buyers market. However, many of my clients cannot always provide full income documentation. This is why I am so excited to start to see some of the loan programs coming back.

If your credit score is above a 660 and can provide proof of your assets you may still be able to qualify for up to a 90% financing on a primary property. (w/ a 700 FICO No proof of assets would be required)
These programs are not Fannie Mae, Freddie Mac or FHA programs. This type of financing are manually underwritten. (no Computers) Their will be an actual person at the other end of your file to review your application.  You don't have to listen to what a computer has to say! 

Before all the changes within the mortgage industry many people would have called this Alt "A" Financing.  What this basically means is that these borrowers are genuinely solid borrowers, but just for some reason don't fit into a square hole.  Before you ask YES the rate is slightly higher than that of a true Fannie Mae or FHA Loan but please keep in mind those loans are either for higher credit scores or full documentation loans.  As always RISK = RATE

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Basically if you have a 660 FICO to borrow a quote from Jerry Macguire "Show Me The Money" and if you have a 700 + Fico then you might be able to go with no proof of assets as well.