The guardians were authorized to accept mortgages not to exceed 2 million guilders ($8 million), but by July 1795 only 20,000 guilders ($80,000) had been raised.

Qualifications: The mortgage, equity-loan and all other debt-service payments should not exceed 37 to 42 percent of gross income.

The buyer would have to pay the city a tax equal to 1.5 percent of the mortgage amount taken out to finance the purchase, or 1.625 percent if the mortgage exceeds $500,000.

Their mortgages exceed the value of their home, Ms. Chen said.

Jumbo mortgages exceed the size limits set for a loan to be purchased by Fannie and Freddie.

At the end of 1820, his mortgages exceeded 20,000 francs and he ran into financial difficulties.

The combined first and second mortgages cannot exceed 90 percent of the value of the remodeled house.

In addition, the mortgage plus the interim financing cannot exceed 80 to 90 percent of the purchase price, depending on the lender.

Eligible loans will now include those where the new first mortgage (including any refinancing costs) will not exceed 105% of the current market value of the property.

The total mortgage, which is based on the anticipated improved value of the property, cannot exceed F.H.A. loan limits for the area where the property is situated.