There was an article in the ny times recently where they said that banks are now reluctant to loan for residential real-estate unless the applicant can prove they are spending no more than about 40% of their income for the house and related expenses. These are for traditional home mortgages. Accordingly, banks are not so big on the no document loans that were popular with self-employed people in the past. The article didn’t say if someone has 25% of the house value as a down payment if that would close the deal; it used to.

Commercial loans are quite another thing, and according to the architects I work with, that market is still a lot more restrictive than residential loans. Most are paying for that kind of thing with private funds.