Nothing has changed. They are still making subprime loans. Go to any mortgage broker website and you will see the pigs are still squealing and fighting to get their share of the government slop.
USDA loan, 100% loan and you can ask the seller to pay your 3% of closing costs. $ to buy a home on this program? 0
FHA, 3.5% down but will allow buyer to borrow or accept gifts for that 3.5%. Closing costs are about the same percentage so the seller is normally asked to pay that in addition to the 6% agent commission and lower the sales price. Freddie and Fannie loans are usually these FHA loans. Freddie has now offered to pay the 3.5% closing costs and now is giving a $1200 bonus to selling agents.
VA is now and has always been a 100% loan.
A very small percentage of loans are conventional, 20% down, no mortgage insurance.
30% of home sales right now are cash, now were talking!