Residential
High Balance Conventional
Dreaming of a larger home but worried about loan limits? CMRE's High Balance Conventional loan offers expanded financing options for qualified borrowers, allowing you to purchase a higher-priced property with competitive rates. With options starting at 6.875%, and flexible terms, owning your ideal home is now within reach.
Program Benefits
Expanded Loan Amounts: Finance properties exceeding standard conventional loan limits.
Competitive Interest Rates: Access attractive rates, starting at 6.875%, for high-balance mortgages.
Flexible Loan Terms: Choose from a variety of loan terms to fit your financial goals.
Lower Down Payment Options: Take advantage of down payment options as low as 3% (up to 97% LTV).
Avoid Jumbo Loan Restrictions: Sidestep some of the stricter requirements often associated with jumbo loans.
Ideal for High-Cost Areas: Perfect for purchasing homes in areas with higher average property values.
Program Highlights
Max LTV
97%
Min Credit Score
620
Max DTI
50%
Loan Amount Range
Conforming loan limits to High Balance conforming loan limits
Amortization Options
Eligible Properties
- Single Family Residence
- Condominium
- Townhouse
- PUD (Planned Unit Development)
Program Requirements
Income Documentation
- •Stable and verifiable income history required.
- •Debt-to-income ratio (DTI) should be within acceptable limits.
- •Income documentation, such as pay stubs and tax returns, will be required.
Asset Verification
- •Sufficient assets to cover the down payment, closing costs, and reserves.
- •Verification of funds through bank statements and other financial documents.
- •Reserves typically required: 2-6 months of PITI (Principal, Interest, Taxes, Insurance).
Insurance & Title
- •Homeowner's insurance policy required to protect the property.
- •If applicable, flood insurance may be required.
- •Mortgage insurance may be required if the down payment is less than 20%.
Property Requirements
- •Minimum FICO score of 620 required.
- •A strong credit history demonstrating responsible borrowing behavior.
- •Review of credit report for any adverse credit events.
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
A high-balance loan is a mortgage that exceeds the standard conforming loan limits set by Fannie Mae and Freddie Mac, but is still below the threshold for a jumbo loan. The exact loan limit varies by county and is typically adjusted annually.
High-balance loans may offer more flexible qualification requirements compared to jumbo loans. They can also come with slightly lower interest rates and may require a smaller down payment.
The maximum loan amount varies depending on the county where the property is located. Contact us to determine the high-balance loan limit for your specific area.
Mortgage insurance (PMI) is generally required if your down payment is less than 20% of the purchase price.
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."
