It’s true that the free-money days of the housing boom, when virtually anyone could get a mortgage with little or no money down, are long gone. But there are still ways that qualified borrowers can get a mortgage with a small down payment — and qualifying may not be as difficult as you think. In fact, if you know where to look, it’s still quite possible to get a mortgage with no money down — something many lenders will tell you is virtually impossible these days.
Here’s a look at the major options. Note that these options are not affected by the new mortgage rules issued by the Consumer Financial Protection Bureau on Thursday. Those rules set certain standards for borrowers’ financial qualifications for getting a mortgage, but the size of the down payment is not among them.