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High Balance Loan
A High Balance Loan is designed for borrowers in high-cost areas where home prices exceed standard conforming loan limits. These loans offer higher financing amounts while still adhering to conforming loan guidelines, making them ideal for purchasing or refinancing in pricier markets without jumping to a jumbo loan.
A Reliable Home Loan You Can Trust.
Higher Loan Limits
Access larger loan amounts while staying within conforming loan guidelines, perfect for expensive real estate markets.
Competitive Interest Rates
Typically lower rates than jumbo loans, which can mean lower monthly payments.
Easier Qualification
Since these loans follow conforming guidelines, they may have less stringent requirements than jumbo loans.
Flexible Use
Can be used for primary residences, second homes, or investment properties in eligible areas.
Loan Guidelines
If your details are near these guidelines, we encourage you to apply or reach out. Even if you don’t qualify for a 30-year fixed-rate mortgage, we may have other options available.
The Home
Purchase a new home or refinance your current mortgage.
Credit Profile
A credit score above 620 is typically required.
Debt-to-Income
Your debt-to-income ratio (DTI) should be under 50%.
Closing Costs
Along with your down payment, you’ll need sufficient funds to cover closing costs.
Explore Your Potential
Our calculators help you understand and visualize your options
Mortgage Calculator
Planning to buy a home? Calculate your estimated monthly payments, including taxes and insurance.
Refinance Calculator
Considering refinancing your mortgage? Find out how much you could save.
Frequently Asked Questions
Have questions? We’ve got answers! Explore our FAQ section to find helpful information about loans, refinancing, and more. If you don’t see what you’re looking for, feel free to contact us—we’re here to help!
What is the difference between a High Balance Loan and a Jumbo Loan?
A High Balance Loan falls between the standard conforming loan limit and the jumbo loan threshold, offering higher amounts in high-cost areas with potentially lower rates and easier qualification compared to jumbo loans.
What credit score do I need for a High Balance Loan?
Most lenders look for a minimum credit score of 620, but a higher score can improve your chances of approval and better terms.
Are there additional fees for High Balance Loans?
Some lenders may charge slightly higher fees or interest rates compared to standard conforming loans, but these are generally lower than what you’d find with a jumbo loan.
Can I use a High Balance Loan for a second home or investment property?
Yes! High Balance Loans can be used for primary residences, second homes, or investment properties, as long as the property is in a high-cost area defined by the FHFA.