FHA High Balance Loan Program

FHA High Balance loan is designed for those looking to purchase a home in an expensive area. The Federal Housing Finance Agency (FHFA) increases loan limits in these locations, allowing homebuyers to borrow more for their dream home.

Program features

Loan amounts up to $1,209,750*
DTI as per AUS
Primary residence, second home
Up to 97.75% CLTV
Min. FICO 640

Why choose our FHA High Balance?

Min. down payment 2.25%
Flexible qualification requirements
Accessible to borrowers without perfect credit score & history

Program details

Loan amounts up to $1,209,750
DTI as per AUS
Primary residence
LTV up to 97.75%
A maximum LTV of 80% for cash-out refinances
Income history of at least two years through employment verification
Min 1 month of reserves for 1- or 2-unit properties and 3 months of reserves for 3- or 4-unit properties required
Gift funds are allowed
MIP upfront and monthly insurance throughout the life of the loan (or 11 years with a 10% or more down payment) is required
Mortgage history: At least 2 years out of credit events
Eligible property types: SFR, 2-4 units, PUDs, condo, modular homes
Eligible terms: Fixed rates for 30-, 20- or 15-year terms are available
Eligible citizenship: US citizens, Permanent Resident aliens, with proof of lawful permanent residence, Non-Permanent Resident alien immigrants, with proof of lawful residence
Eligible borrowers: Individuals, living trusts