Conventional 15% HB 2 Units

High Balance

This program is for well qualified buyers. The loan amounts are higher than standard limits. The funds, credit, and income requirements become stricter due to increased risk with higher loan amounts.

Credit score: 620 minimum
Property type:  2 Units
Occupancy: Primary residence
Down Payment: 15% minimum
Loan to Value: 85%     Max. CLTV: 85%
Gift Funds Allowed. No minimum buyer contribution required
Closing cost: Seller and/or lender can pay up to 6%
Debt Ratio: 45%


Additional Notes:

  • Condos must be Fannie Mae approved
  • Impounds are optional
  • Unpermitted additions will not be given value
  • Lender-paid most ins. available
  • Reserves required based on AUS findings
  • Bankruptcy 4 yrs, Foreclosure 7 yrs, Short Sale 4 yrs.F
  • First time buyer not required. Must be primary residence
  • Non-occupying co-borrower acceptable
  • 75% market rent may be used to qualify
  • Flips usually one appraisal. No home inspection required.

This page contains program highlights only. See sidebar links for further information and details.