The bailout is hoping to spark lower rates and greater availability if you are not of those plagued by marginal credit, otherwise expect tighter standards and the continuation of increased fees and rates. CNN Money has some decent reading for the layman. What has already tightened in recent months? For one, Down Payment Assistance for FHA Loans has been banned as of October 1 2008, but lenders have already curtailed its existence. Although Nehemiah isn't going away quietly. Upfront and monthly mortgage insurance premiums have increased on loans terms greater than 15 years. Increased limitations regarding investment properties, non-occupying co-borrowers, and tougher appraisal requirements are also becoming mainstream amongst lenders. Two programs however that continue to make 100% financing available at lower rates and without MI: VA loans and USDA rural development loans. Contact me if either of these are of interest to you, I would be happy to see if you may qualify.