Investment 30% HB 2-4 Units

High Balance – Expanded Guidelines

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.

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Credit score: 620 minimum
Property type: 2-4 Units
Occupancy: Non-Owner Occupied
Down Payment: 30% minimum
Loan to Value: 70% Max. CLTV: 70%
Gift Funds Never allowed
Closing cost: Seller and/or lender can pay up to 2%
Debt Ratio: 45%

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Additional Notes:

  • Unpermitted additions will not be given value
  • Bankruptcy 4 yrs, Foreclosure 7 yrs, Short Sale 4 yrs.
  • No gifts allowed. Non-arms length transaction prohibited
  • Qualifying rental income requires rental agreement
  • Six months reserves required if using rental income
  • 75% market rent may be used to qualify
  • Flips usually one appraisal. No home inspection required
  • Borrower must have 2 year landlord history

This page contains program highlights only. See links on right side links for further information and details.

All program are subject to change at anytime without any further notice