As reported by Bloomberg.com news. The House and Senate narrowly approved the higher FHA loan limits giving hope to homeowners that do not qualify for coventional Jumbo products. Traditional Jumbo products have low Loan To Value, Debt To Income restrictions and can require 680+ credit scores. For those borrowers with mortgages over $417,000 that want to consolidate debt, lower rates, or combine multiple mortgages, the FHA offers great programs for cash out to 85% LTV and no cash out options to 97.750%!
http://www.bloomberg.com/news/2011-11-18/u-s-congress-votes-to-raise-top-limit-for-government-insured-mortgages.html
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