QM
High Balance
Flexible and affordable, designed to finance your dream home in a high-income area.
High-balance loans are an important tool for homebuyers in areas with elevated housing costs. They provide an option for borrowers who need to finance homes that surpass the standard conforming loan limits but want to avoid the more stringent terms and requirements associated with jumbo loans. High-balance loans vary by county, and limits are set by the Federal Housing Finance Agency (FHFA).
Higher Loan Limits: High-balance loans have higher loan limits than standard conforming loans.
Affordable Alternative: These loans offer an alternative to jumbo loans for borrowers in areas with expensive real estate markets.
Local Variations: High-balance loan limits vary by location, so borrowers in high-cost areas can benefit from these local adjustments to accommodate their specific housing market conditions.
