A High Balance Mortgage is a loan that exceeds the current 2018 Fannie Mae single family loan limit of $453,100 for the lower 48 states.  These were created to address high-cost areas around the country and can go as high as $679,650 for a single family home or condominium depending on the property location.

High Balance mortgage rates can often be lower than both conforming and jumbo rates!  Request a free quote and we will research your county limit for you and let you know what we can offer.

High Balance 30 Year Fixed Rates *:

Rate Points APR
4.875% 0.750 4.958%1
5.250% $3,350 credit toward
closing costs
5.251%2

* Your actual rate, payment, and costs could be higher.  Get an official Loan Estimate before choosing a loan.  Rate and APR Assumptions: $600,000 loan amount, excellent credit, 40 day lock with a 20% down payment.  Purchase of an owner occupied Single Family Home in Los Angeles County, California.  If you choose to include your taxes and insurance the actual monthly payment will increase.
Rates as of October 15, 2018 and subject to change.  Not available in all states.

1 Assumes 360 payments of $3,175.25 at an interest rate of 4.875%, $600,000 loan amount.
2 Assumes 360 payments of $3,313.22 at an interest rate of 5.250%, $600,000 loan amount.

Following are High Balance Mortgage loan amount ranges for 2018 (Alaska & Hawaii have higher limits):

Property Type Minimum Loan Amount Maximum Loan Amount*
Single Family/Condo >$453,100 $679,650
2 Unit Properties >$580,150 $870,225
3 Unit Properties >$701,250 $1,051,875
4 Unit Properties >$871,450 $1,307,175

* Actual maximum loan limits are set per county or equivalent area and may be lower than the maximum above. 

Loan amounts exceeding the high balance limits per county will need a jumbo mortgage.  Give us a call or request a free custom quote for further information!