Finance
An Arizona first-time homebuyer who exceeds the FHA loan limit may:
AStill use FHA with a larger down payment
BHave to use a conventional jumbo loan, VA loan (if eligible), or other non-FHA financing✓ Correct
CObtain an FHA waiver from HUD
DUse a state bond program with higher limits than FHA
Explanation
FHA loan limits are set by county and cannot be exceeded regardless of down payment. Buyers needing loans above FHA limits must use conventional (conforming or jumbo), VA, USDA, or other non-FHA financing alternatives.
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