FHA loan limits were raised by Congress and now include some loans that previously were labeled as Jumbo Loans. Folks looking to refinance or buy a home should take advantage of low housing prices and higher FHA loan values.
FHA Loans Go Big, Way Big, as In Jumbo Loan Sized
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Yes, I prefer FHA loan to Jumbo loans. There is a Low Down payment of 3% for an FHA loan. The best part is that, unlike other loans, FHA loans allow this down payment to come from someone other than you such as a family member, employer or a charitable organization. And moreover it is Easier to Qualify for an FHA loan because FHA insures your remortgages (see details here http://www.badcredit-mortgages.org.uk/bad_credit_remortgages.php ) or mortgages.