THE BASICS
The High Balance Nationwide Product is a variation on a high balance conventional loan. It is underwritten mostly to Fannie Mae guidelines, with the exception of some overlays. This means that some loans that would generally have to go Jumbo can now remain in a high balance product. These loans will have a loan amount that is $1 greater than the county loan limit, up to $726,525.
680 Min FICO (700 Min FICO for cash out of a Second Home)
No mortgage lates are allowed within the last 12 months
30 year Fixed term only
Primary residences and second homes
Purchase, Rate/Term, and Cash Out Refinance allowed
1-unit primary residence up to 90% LTV allowed- THIS IS FOR PURCHASES ONLY!
