I was talking with a realtor in my area earlier. She had spoken with a few other prominent realtors and builders and they had all encountered people that thought there was no money to lend. One of the realtors children even thought they could not be approved for a loan and had mentioned renting for at least a year til there was some money.
I have closed three loans this week and let me assure you THERE IS MONEY TO LEND! If you have a stable job, 3% downpayment and decent credit you should be approved for a home purchase. Spread the word! Why would anyone assume there is no money without calling to check it out?