Conventional High Balance

Min. FICO 620 Up to 97% CLTV

A Conventional High Balance loan is a mortgage option for borrowers who need financing for an amount that exceeds the national baseline conforming loan limits but stays within the local conforming loan limits for the high-cost county. This allows homebuyers to borrow more money to purchase a home in a more expensive area.

Program features

Loan amounts up to $1,209,750
FICO 620
Up to 97% LTV
Cash-out allowed
Primary, secondary homes, and investment

Why choose our Conventional High Balance?

Temporary rate buydowns available
No overlays with FNMA/Freddie
Faster turn times

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Program details

Loan amounts up to $1,209,750

DTI up to 50%

Primary, secondary homes, and investment

Minimum down payment 3%

LTV up to 97%

At least two consecutive years of stable income and employment

Min 2 months of reserves for second homes, min 6 months of reserves for investment properties, primary residences up to 4 units, and cash-out refinance with a DTI >45%

Gift funds are allowed

Private mortgage insurance is required if down payment is less than 20%

Mortgage history: At least 2 years out of credit events

Eligible property types: Single-family homes, 1-4 units, condominiums, townhomes, PUDs, and manufactured

Eligible terms: 15 & 30 year fixed; 5/6, 7/6, 10/6 ARM

Eligible citizenship: US citizens, Permanent Residents, Non-permanent Residents

Eligible borrowers: Individuals, Revocable and Land Trusts

Conventional High Balance

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Program details

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Fast turnaround times

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