Right now is an amazing time to borrow money. Albeit sometimes challenging there still are many good reasons to take out a home loan. First of all, interest rates are at all time lows, see chart below, but home prices are also low. Secondly, there are many excellent programs that foster and support responsible lending.

VA , USDA, FHA, or Conventional Loans range from ZERO down to as much as you want to put down. See chart below for minimum down payment purchase requirements.

VA - ZERO Down
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USDA - ZERO
 ~
FHA 3.5%
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Manufactured 3.5%
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Jumbo - 10%

Reverse Mortgages
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Conventional 3-5%
~
Investment properties 20%

Typical Terms:
Using currents rates as of 05/24/2011 3.5% DOWN FHA Purchase 30 Yr. Fixed, no Prepayment Penalty. 200K Loan Amt. 5.31% APR For Example Only