If you live in one of the counties in the table below, a conventional high-balance mortgage may be a better option if your loan amount is above $484,350.
Have you tried refinancing only to be told your loan is non-conforming or Jumbo? Are you looking to buy a home only to be limited by your county loan limit? It’s likely the county limit in your area for a conventional conforming mortgage is $484,350. A mortgage above this amount is called a conventional high-balance mortgage. Save by getting a conventional mortgage up to $726,525. Now available in all counties throughout California. If you are looking to refinance, get a better loan. If you are buying a home, buy a home with less stress and a lower rate or cost loan.
Conventional High-Balance Mortgage Details:
- Fast turn times, averaging 15 days or less
- Purchase, Cash-out and Rate and Term Loans
- Starting at a 680 FICO
- 20% down for purchases
- 80% Loan-to-value (LTV)
- A maximum debt-to-income ratio is 43%
- Primary and second homes
- 1-2 units