Credit crunch? - part 2

Marv Balousek from the Wisconsin State Journal interviews several local lending professionals in this article. Takeaways:

• Lending standards have tightened, but mortgages are available for those with good credit, a good job, and a good down payment.
• Conventional financing with no down payment is no longer available, although zero down loans are available through the Veterans Administration and Rural Development programs.
• Other loan programs, such as the Federal Housing Administration program, now offer mortgages that require a 3% down payment.