Jumbo Loans & High Balance Mortgages

Jumbo Loans

When You Need a Loan Above the Conforming Limit

Like high-balance mortgage loans, jumbo loans are designed for those who want to make a home purchase with a loan that’s larger than the loan limit, but need to borrow even more money than what a high-balance loan can offer.

What Can You Do When You Live in a High-Priced Area?

Get on the phone and talk to a lender about taking on a jumbo mortgage.

A type of non-conforming loan, jumbos in most housing markets can buy you a home worth more than $647,200. Non-conforming loans are any that exceed that funding limit. In some high-priced markets, the minimum financing threshold starts at $970,800.

Jumbo Loans for High Cost Areas

  • A large loan for a more expensive home
  • Loan amounts exceeding $970,800 for 1-unit properties in designated high cost areas
  • Primary residence and single-family units only
  • Second/vacation home and investment property available with VA Jumbo Loans
  • Condo financing available

High Balance Mortgage Loans

If you want to buy in an area considered high cost, or where properties typically exceed loan limits set annually by the Federal Housing Finance Agency, our high balance mortgage loans may be the solution you’re looking for. George Mason Mortgage offers high balance loans from both conventional and government home loan programs.

You can use a high-balance mortgage loan to buy a home, for a limited cash-out refinance, or for a cash-out refinance. They apply to either fixed-rate or adjustable-rate mortgages, and also to condominiums, cooperative apartments and manufactured homes that have between one and four units. 

High Balance Financing for High Cost Areas

  • Competitive interest rates
  • Loan amounts exceeding $647, 200 and up to $970,800 for 1-unit properties in designated high cost areas
  • Primary residence, second/vacation home and investment property options
  • Condo financing available

Nick Kristoff
Senior Loan Officer
NMLS: 379253
O: (843) 603-5924
C: (843) 290-9110
F: (703) 653-3343

Mike Kristoff
Senior Loan Officer
NMLS: 377707
O: (843) 603-5924
C: (843) 301-7070
F: (703) 449-5546

This is not a commitment to lend. All loan applications are subject to credit and property approval and must meet loan program requirements to qualify. Annual Percentage Rate (APR), programs, rates, fees, closing costs, terms and conditions are subject to change without notice and may vary depending upon credit history and transaction specifics. Flood and/or property hazard insurance may be required.

Scroll to Top