High-balance Conforming Mortgage
High-Balance Conforming
Loan Amount $417,000 - $729,500 |
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| Product |
Rate |
APR |
| 30 Yr Fixed |
4.625% |
4.692% |
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High-Balance Conforming Loans are for buyers in areas where housing is more expensive. These loans have mortgage limits over $417,000 and
can range up to $729,750, depending on the specific county. We offer both fixed rate and adjustable rate conforming high-balance programs,
as well as interest-only loans.
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Program Highlights
- Loan amount greater than $417,000 but less than the specific county loan limit – not to exceed $729,750 (1-unit home, excludes HI and AK)
- Loan amount greater than $625,500 and less than $938,250 (1-unit home, HI and AK only)
- Loan amount to be less than 80% of the home’s appraised value
- Credit score above 680
- Total monthly debts not to exceed 45% of combined monthly gross income
- Proof of income sufficient to support the debt requirements
- Available with purchase or refinance transactions
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Conforming high-balance refinance loans may feature the ability to reduce your monthly payment, consolidate your debt, or to get cash out of the home.
| Call us now
888-546-BOFI (2634) |
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