A High-Balance Mortgage Loan is mortgage where the original loan amount exceeds the conforming loan limits published yearly by the Federal Housing Finance Agency (FHFA), but does not exceed the loan limit for the high-cost area in which the mortgaged property is located. The conforming loan limit is $417,000 and the high-cost area limit is $625,500 for a 1-unit dwelling in the continental U.S. Therefore, a High-Balance Loan for a Single family house will be from 417,001 up to 625, 499.
GEM mortgage offers exceptional interest rates for your High-Balances Loan needs. We also have a variety or loan programs to suit your needs.