Starting today every county in the country qualifies for High Balance up to $679,650 regardless of the published loan limits.
Take advantage of our exclusive opportunity on conventional high balance loans to all of your borrowers – even those outside of the counties eligible under Fannie Mae and Freddie Mac – instead of having to push them into a Jumbo loan. Details include:
- Min 680 FICO
- Max 80% LTV/43% DTI
- Loan amounts from $453,101 – $679,650
- Eligible for primary and second homes
- Lower rates, easier guidelines, and fewer docs than Jumbo
- No Manual underwrite
- Fast turn times, averaging 15 days or less
What all this means is that with new loan limits for 2018 lenders are lending in certain counties with new set loan limits but we are now allowed to use these new loan limits in all counties.