new conforming limits interest only new mortgage programs stimulus package: New Conforming Limits- Here's what the Loan Programs Look Like So Far... - 03/12/08 08:50 AM
What kind of loans can one get under the new Fannie Mae "New conforming Limit" or "Junbo Lite"?
Unfortunately, not "interest only" for fixed rate mortgages, that's too bad because the 30 YR Fixed w/ 10 Year Interest Only is an excellent product. 
 The Fannie Mae website, under "Eligible Product Types" lists the products below and it also states: "Eligible ARM plans To Be Announced"
 We'll see these products initially: • Fixed Rate Mortgages, fully amortizing mortgages with 15- or 30-year term  (No Interest Only on these two programs)
• 5/1 ARM, fully amortizing mortgages with 30-year term, LIBOR index, 5/2/5 caps • 5/1 ARM, … (3 comments)