"With tighter lending standards and a slumping housing market, opening the door to a home of your own is more challenging than it has been in years.
Experts say the rules for obtaining a home loan have undergone more revision in the past 18 months than during any comparable period since the Great Depression, as lenders seek to do away with practices that landed their industry in its current crisis.
Changes include tougher credit-score and down-payment requirements; a recent crackdown on stated-income 'liar loans'; the disqualification of rental income on some loan applications; an expected lowering of Federal Housing Administration insurance limits and the pending elimination of seller-funded down payment assistance for FHA loans."
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Getting a loan is tough, here's what you need to know
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