Loan Options

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

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 $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

Get Started on Your Journey Home

Knowledge Base

2021 – The Year For The Home Buyer And Seller

By: David H Stevens, CMB In my almost forty years in the real estate and mortgage finance business, there have been a variety of cycles …

Read More →
Building

David H. Stevens Named New Advisor to the George Mason Mortgage Board of Directors

David H. Stevens, CMB, (Dave) is a 36 year veteran of the Mortgage Banking industry. Dave served as the President and CEO of the Mortgage …

Read More →

What to Expect From a Biden Regime

David H Stevens, CMB is the CEO of Mountain Lake Consulting, Inc and an advisor to George Mason Mortgage. David was the CEO of the …

Read More →

The Federal Reserve, the Housing Market, and Mortgage Rates

The housing economy is one of the remarkable stories we will remember about the COVID experience in the USA. In March when the nation shut …

Read More →

FHFA Announces Conforming Loan Limits for 2021

Fannie Mae and Freddie Mac Baseline Limit Will Increase to $548,250 Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced the maximum conforming loan …

Read More →

Have You Heard? Refinance and Remove FHA Mortgage Insurance

Refinancing your FHA loan to a conventional mortgage may clear room in your monthly budget, especially with interest rates hovering at historic lows. FHA Mortgage …

Read More →
Scroll to Top