Great news for borrowers looking to borrow over the current conventional high balance loan limits. We just rolled out a new program offered by one of our lending channels.
Conventional High Balance Loan Limits News
They feature a newly offered program that will allow for loan amounts of up to $679,650 to access Fannie Mae’s conventional loan limits. This may allow for many borrowers to avoid Jumbo mortgage lending which gives borrowers the opportunity to access easier lending guidelines, fewer document requirements, automated underwriting for faster pre-approvals and potentially better lending terms.
Financing can be obtained on primary and second homes with borrowers with a minimum 680 FICO. There are restrictions on maximum loan to value and debt to income that may apply.
If this news sounds like something you might be interested in, feel free to give us a call today.