re: Simple Question about being pre-approved for a mortgage

Yeah, there has been lot more govt regulation since then. I am sure somebody out there will take less than 20% percent down but you may gave to look pretty hard to find them.

I am probably not the best person to be giving you advice so I will leave this tread for somebody who is in the business to answer but it has been my experience from the last few home purchases (one primary and two rentals) that 20% is pretty much required by most lenders.