Even with all the hype, borrowers are still managing to find lenders that are not only willing to loan money but are actually eager to do so. The drying up and crashing of some markets (like the sub prime loans) has pushed lenders to find better risks for their investments. That means that not only are they trying to lend money but that they are actually competing for the top customers.

There is some truth in the notion that the lending practices have tightened up some in the last months. Mostly it is the no down payment and shaky credit history that lenders are shying away from completely. But the changes are not as bad or as severe as some have made them out to be. It is likely that these changes are the best direction for the industry (and for the consumers as well).

Using federal programs it is possible to still find very low down payment requirements (and possibly even no down payment requirements). For the most part you will need a sound credit history and some money to put towards the loan before you will be approved.

Because of the competition for good loans, it is wise for you to shop around before you settle on a loan company. You may be able to find one that is willing to wave some of the regular fees in order to lock in your business. A lower interest rate for a higher credit rating would also be a good negotiation tactic. The money is still available if you have sound numbers to back up the loan.