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High-Balance Home Loan

What is a High-Balance Home Loan?

A high-balance home loan is a conforming loan that is higher than the conforming loan limit.

Because high-balance home loan amounts are larger than the normal conforming loan limits, they carry a higher risk for the lender. Therefore, high-balance home loans have more strict requirements than normal conforming loans, have a higher down payment requirement, and higher interest rates.

If you would like to learn more about High Balance Home Loans and their requirements you can call one of our High Balance Loan Experts at (303) 947-5147.

High Down Payment

Down payment requirements have a large range, and can be dependent on the LTV.

High Interest Rates

High balance loans are higher risk for lenders, which brings higher interest rates.

Strict Qualification

Lenders have strict requirements and are dependent on the loan amount.

High Credit Score Requirements

A minimum credit score requirement of 620.

Michael Joseph DelVecchio (CO:100013058 NMLS:195236) is an agent of Draper and Kramer Mortgage Corp. (NMLS:2551) an Illinois Residential Mortgage Licensee located at 1431 Opus Place, Suite 200, Downers Grove, IL 60515, 630-376-2100. CO: Mortgage Company Registration – Regulated by the Division of Real Estate – www.dora.state.co.us/real-estate. © 2019 Draper and Kramer Mortgage Corp. All Rights Reserved. Privacy Policy | Licensing | NMLS Consumer Access