Steve Ragghianti

Assuming that you can find a mortgage broker that can do a FHA loan, today's news should bring some relief. With Marin county getting its conforming loan amount raised from the old $417,000 to $729,500. In the morning meeting I attended, I heard that the rate was 4.75% for full doc loans. I they also mentioned that you only needed to have 3% equity for refi's and that they would accept ZERO down with a FICO score of 620. I'm not sure how this will play out in the purchase market. However, if you are on the fence about selling or renting, it could mean a lot.