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Poor Credit First Time Home Buyer Obama announces plan that could save home buyers hundreds of dollars a year – Since the housing bust, lenders have been turning away buyers by demanding unusually high credit scores. news for first-time home buyers in years.” The FHA does not make loans. It insures lenders.
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Jumbo Financing A jumbo mortgage is a loan that is designed for buyers who are purchasing or refinancing a home that is priced higher than traditional conforming loan limits (set by Fannie Mae and Freddie Mac).
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