The program is currently open to the borrowers who’s loan amounts are up to 105% of the property value and are owned or guaranteed by the Fannie Mae and Freddie Mac agencies, which are currently sponsored by the US government.

The Director of Federal Housing Finance Agency  James Lockhart has acknowledged in a press conference that the current LTV limit of 105% is being re-considered, however he did not reveal the new LTV figure.

Media reports that LTV limit could be raised to as much as 125% which could theoretically include up to an additional 10% of the borrowers to qualify for the program.