It's important to remember that the FHA lending limit for Orange County, CA 1-unit properties is 729,750 and it goes up from there for 2-4 unit properties. This number is even higher in Hawaii and little less in other states. Why is this important? Because just a few years ago these loan amounts would be considered Jumbo and even Super Jumbo. And you want to know why else this is important? Because jumbo loans are relatively non-existent these days and certainly not available with any serious leverage. But FHA allows LTV's up to 96.5%.
And you wanna know something else FHA offers VERY competitive rates and terms.
So next time you are thinking no have no options for your jumbo home loan, call an FHA Lender and see what they can do...and of course you can call mine,
HomeSecure Mortgage Lending 888-450-HOME, a direct FHA lender
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