Last week the US Congress passed a congressional resolution extending the current higher Fannie Mae, Freddie Mac and FHA loan limits through 2010. This.
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New Jersey FHA Mortgage Higher Loan Limits are Extended through …
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Some sellers offered their own financing say a rent to own program or pay a 50% down payment on a seller financed 5-year loan. To fill the gap the government created FHA in 1934 to fill the mortgage gap and later Fannie Mae in 1938 came into being. .... Where I am living now, outside of NJ, stakes of buying a house are not as high as the Garden State so my risk is a lot less. If I were in NJ for a 5-7 yr stint, pretty sure I would even consider buying. ...