A Conforming High Balance loan offers program flexibility and attractive pricing to the homebuyer for amounts above the conforming limit.
- Fixed-rate financing for easier budgeting
- Homebuyer education is required for first-time buyers
- Financing up to 96.5%
- DTI up to 56.99%
- No appraisal is needed to apply for streamline refinance FHA program
- Up to 6% of closing costs can be contributed by the seller
- Full Documentation
- Primary residence & Second home
- 80% LTV
- 720 FICO (80% LTV)
- Cash out allowed up to 65 LTV
- Traditional Income Docs
- Loan amount up to $2mm
- 80% LTV
- 680 FICO (80% LTV)