High Balance & Jumbo Loans
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
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 $548,250. Non-conforming loans are any that exceed that funding limit. In some high-priced markets, the minimum financing threshold starts at $822,375.
Jumbo Loans for High Cost Areas