Government
FHA High Balance Mortgages
Dreaming of owning a home in a high-cost area? CMRE's FHA High Balance Mortgage program can help make that dream a reality. With loan amounts exceeding standard FHA limits and starting rates as low as 6.25%, this program offers an accessible path to homeownership with flexible qualification requirements.
Program Benefits
Lower down payment options compared to conventional loans.
More lenient credit score requirements, starting at 580.
Ideal for borrowers in high-cost housing markets.
Competitive interest rates, with starting rates around 6.25%.
Backed by the Federal Housing Administration (FHA), offering added security.
Helps you afford homes that exceed standard FHA loan limits.
Program Highlights
Max LTV
96.5%
Min Credit Score
580
Max DTI
55%
Loan Amount Range
$100K - $1.5M+
Amortization Options
Eligible Properties
- Single Family
- Condo
- Townhouse
Program Requirements
Income Documentation
- •Stable employment history is required.
- •Income must be sufficient to cover mortgage payments and other debts.
- •Documentation such as pay stubs and tax returns are necessary.
- •Self-employed borrowers will need to provide additional documentation.
Asset Verification
- •Sufficient funds for down payment and closing costs are required.
- •Assets may include savings accounts, investment accounts, and retirement funds.
- •Gift funds are permitted with proper documentation.
- •Verification of funds is required through bank statements and other financial documents.
Insurance & Title
- •Mortgage insurance is required for the life of the loan.
- •Hazard insurance is required to protect the property.
- •Flood insurance may be required if the property is located in a flood zone.
- •Insurance premiums must be current and verifiable.
Property Requirements
- •Minimum FICO score of 580 required.
- •A credit history demonstrating responsible borrowing is necessary.
- •Recent bankruptcies or foreclosures may impact eligibility.
- •Collections and judgments may need to be addressed.
Application Process
Six simple steps from application to funding
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Why Choose Custom Mortgage?
Your trusted partner in real estate financing
Extensive Experience
Over 25 years of proven expertise in mortgage lending and real estate financing
Comprehensive Loan Options
Wide range of programs from conventional to specialized non-QM and hard money solutions
Nationwide Coverage
Licensed in multiple states with the ability to fund loans across the country
Flexible Solutions
Customized financing options for unique situations that traditional lenders decline
Competitive Rates
Access to wholesale pricing and volume discounts passed directly to our clients
No Upfront Fees
Transparent pricing with no application fees or upfront costs to get started
Frequently Asked Questions
An FHA High Balance Mortgage is an FHA-insured loan that exceeds the standard FHA loan limits for a specific area. It allows borrowers to purchase homes in high-cost areas while still benefiting from the features of an FHA loan.
FHA High Balance loans typically offer lower down payments, more flexible credit requirements, and competitive interest rates compared to conventional high-balance loans. They are a good option for borrowers who may not qualify for a conventional loan.
The minimum credit score required for an FHA High Balance Mortgage with CMRE is 580.
The maximum loan amount varies depending on the county in which the property is located. CMRE can help you determine the specific loan limit for your area.
Sam K.
Senior Loan Strategist
With over 15 years in the mortgage industry, Sam specializes in complex jumbo and non-qm financing solutions, helping clients navigate unique financial landscapes.
NMLS #12345 | Certified Mortgage Advisor (CMA)
TESTIMONIALS
Success stories from families and investors across the nation who achieved their goals with CMRE.
"I've been working with Custom Mortgage and Real Estate for over five years now, and they've totally helped me get through a bunch of tricky transactions. Their team is super helpful all the way through, making sure everything goes off without a hitch. I seriously recommend Custom Mortgage to anyone who needs financing or a solid real estate broker."
RENE M
"I just worked with Custom Mortgage and Real Estate, and seriously, I can't recommend them enough. They have helped my family and me with a bunch of transactions, always receiving results that nobody else could. Their team is super responsive and really experienced, which made everything go through smoothly with no stress at all."
ARTHUR G
"As an investor in real estate and an agent, I totally count on Custom Mortgage and Real Estate for my deals since they've got loads of experience. They have these unique programs that I just can't find anywhere else, and it really gives me an advantage. After researching a number of companies, the offers from Custom Mortgage were the best out there."
