Is Chanteclair becoming so desperate? I recently received a letter from them about a new special FHA loan program which contains the following points:
1. New load limit of $697,500
2. No Minimum FICO score
3. No set income limits
4. Down payment assistance program.

Doesn’t this look familiar to you guys? Isn’t this country having enough problem with previous reckless loan practices? What is this FHA loan program trying to do? Creating more bad loans? I am really confused here. Anyone can explain a little bit here for me?