High Balance Loans

High Balance Loans exceed the conforming loan limit and is generally limited to $679,650 for a single family home or condo; however, higher loan limits apply to 2-4 units. This fixed- and adjustable-rate product accommodates borrowers that are financing properties in areas that are published to be in a high-cost area.

Lending CriteriaDescription
Purpose:
  • Purchase and Refinance
Property Type:
  • Single Family Residence (1-4)
  • Condominium
  • Townhomes
  • Planned Unit Developments
Max Loan-to-Value:
  • Purchase:  Fixed: 90% / ARM: 90%
  • Refinance:  Fixed: 90% / ARM: 90%
  • Cash-out:  Fixed: 75% / ARM: 75%
Minimum Credit Score
  • 620
Prepayment Penalty
  • None
Maximum Debt-to-Income (DTI)
  • 45% – 50%
Recourse
  • Yes
Broker Fee
  • None
Terms:
  • 10 / 15 / 20 / 25 / 30-Years Fixed
  • 5 / 7 / 10-Years ARM’s
  • 5 / 7 / 10-Years ARM’s – Interest Only
Loan Amounts
  • $453,100 – $679,650
Closing Timeframes
  • 45 – 60 days
Amortization
  • 10 / 15 / 20 / 25 / 30-Years
Collateral
  • 1st Trust Deeds
Other Costs
  • All 3rd Party Fees