There are good mortgage programs available

If you listen to the media it sounds like you can't get a mortgage right now unless you are Warren Buffett.
If you are a first time home buyer there are still special financing programs provided by the state of NC.
FHA loans which are insured by HUD are a great option. The down payment is only 2.25% and the seller is allowed to pay up to 6% of the purchase price towards closing costs. Credit score requirements are more relaxed with FHA also.