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The 2008 Economic Stimulus package includes temporary increase in FHA loan limits to help homeowners refinance out of unaffordable loans.
FHA has implemented a new higher loan limits to assist distressed homeowners
To qualify for FHA eligible homeowners must meet the following five
criteria:
1. On-time mortgage payments for six months prior to your current loan
reset-mortgage (lates after loan reset are acceptable).
2. Documentabel income.
3. 3%cash or equity in the home
4. A sustained history of employment
5. Sufficient income to make the mortgage payment |
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In order to determine whether you qualify for the FHA refinance please provide the following information. An FHA Loan specialist will review your information and contact you within 24 hours.
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