Well it sounds like Down Payment Assistance might be back but with changes.  Until this does take effect I have been scouring through loan programs looking for good alternatives for clients with little or nothing down. 

The USDA Rural Housing Program is another viable mortgage option to help clients with nothing down. 

Here are the Pros:  100% financing, Zero Down.  No monthly Mortgage Insurance, FHA Mortgage guidelines.

Here are the Con’s:  Home must be in a rural housing area.  This is all of Pinal County and parts of Maricopa County.  So Queen Creek is in place.  Some income restriction apply.

Again, I think the mortgage lender who has workable options to help clients get into homes will win the business at the end of the day. 

Please call me if you are looking for some of these options to discuss your unique situation.