High Balance Program
High-balance loans allow borrowers in high-cost areas to finance homes that exceed standard loan limits, offering larger loan amounts while still conforming to Fannie Mae and Freddie Mac guidelines.
THE DETAILS:
The High Balance Loan Program is for borrowers looking to purchase or refinance a loan amount above the Conventional County Loan Limits – $453,100 – through a Conventional fixed rate loan. The High Balance Loan Program may be perfect for you if you’re looking to refinance your existing home or purchase a second home or investment property that exceeds the county loan limits.
ADVANTAGES :
- Ability to exceed county loan limits in select counties
- Fixed Rate mortgage options available with 15 to 30-year terms
- Adjustable Rate Mortgages (ARMs) available
- Minimum Credit Score of 620