Some possible buyers in today’s market might think that mortgages aren’t available to
them in today’s tight lending climate. Buyers who may be considered credit risks have more financing options than they might think.

* (FHA) Federal Housing Administration loans are back.
According to the National Association of Realtors, these loans had almost a 60% increase in 2007 & in 2008 the limits were increased to a maximum of $729,750. For FHA limits in your area, visit www.realtor.org/fha.

* Tax law changes made PMI (private insurance) more attractive.
Their premiums have been deductible on federal taxes since 2006, and last year, a three year extension on PMI deductibility was instated. This helps buyers who would need to finance with an 80/20 or "piggyback loan" which are much harder to obtain in today's market.