The problem is that the industry is not necessarily getting back to its senses. I had a friend close on a house just this week with 5% down on about a $1 million home. I have been getting mixed signals from lenders, but the basic message is that with excellent credit and a qualifying income, the down payment isn’t much of a barrier.

I know this ground has been covered, but I would definitely be interested to know what the insiders’ perspective is on the state of the down payment requirement.