You can still get a mortgage

By Kenneth R. Harney
October 17, 2008

Credit squeeze, credit freeze, credit system seizures: Everybody knows how severe and painful the global financial breakdown has been—with banks unwilling to lend even to other banks. But what about mortgages and real estate? Can you still get a home loan with less than a 20 percent or 30 percent down payment? Or with a credit score below 720?

Absolutely. It would be a big stretch to label housing the sunny side of the market at the moment, but there's a lot more light there than in most other financial sectors. Consider these facts:

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