High Balance Loans
Loan amounts between $510,400 and $765,600 are priced as High Balance Conventional Loans – NOT JUMBO LOANS.
Conventional high balance loans up to 90% Loan-to-Value (LTV) feature our exclusive Mortgage Insurance Buyout Program. For Purchases up to 90% LTV and refinances up to 80% LTV the minimum FICO must be 680 FICO with a Maximum 43% Debt-To-Income Ratio. Eligible for both primary and second homes.
Priced like Conventional Loans providing better rates, easier guidelines, and faster turn times than Jumbo.
High Balance Loan Criteria Highlights
Flex Loan Terms Available from 8 to 30 Years,
- Escrow Waiver Options with No Additional Fees,
- Even Better Pricing Available for Borrowers with 80% LTV and 700 FICOs, and
- Mortgage Insurance Buy-Out Options for Loans between 80% and 90% LTV so You Don’t Have to Pay Private Mortgage Insurance.