Conventional High Balance
FICO per AUS
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 limits up to $1,249,125 per county
- FICO as per AUS
- Up to 97% LTV
- Cash-out allowed
- Primary, secondary homes, and investment
- Temporary rate buydowns available
- No overlays with FNMA/Freddie
- Faster turn times
Download program PDF
DownloadStruggling with a loan scenario? Push the button and get a solution in 30 minutes!
Program request
Write to us, we will contact you within 30 minutes.
Program details
Loan limits up to $1,249,125 per county
DTI per AUS
Primary, secondary homes, and investment
Minimum down payment 3%
LTV up to 97%
At least two consecutive years of stable income and employment
Reserves per AUS
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
Various fixed terms, 5/6, 7/6, & 10/6 ARM terms
Eligible citizenship: US citizens, Permanent Residents, Non-permanent Residents
Eligible borrowers: Individuals, Revocable and Land Trusts
Fast turnaround times
As fast as
24 hr
Disclosure
As fast as
24 hr
Underwriting
As fast as
48 hr