Jumbo Loans and High Balance Loans

What is a Jumbo Loan?

Jumbo loans exceed the maximum loan amounts established by Fannie Mae and Freddie Mac conventional loan limits. Rates on jumbo loans are typically higher than conforming loans. Jumbo loans are typically used to buy more expensive homes and high-end custom construction homes. Typically Jumbo loans require a higher down payment than traditional loans.  If you are looking to buy a home in Eureka, McKinleyville, Arcata or Fortuna as well as the entire state of California, contact us today at 707-445-3027 or fill out quick quote.

What is a High Balance Nationwide Loan?

The High Balance Nationwide loan is a conventional, cost-effective loan product available to borrowers in counties and states that did not have access to high-balance loans (loans exceeding the conventional limit of $453,100).

Advantages of High Balance Nationwide Loans

  • Lower rates than Jumbo
  • More flexible guidelines and fewer requirements than Jumbo
  • Faster turn times
  • No mortgage insurance

High Balance Nationwide Eligibility

  • Minimum 10% down payment
  • Minimum Credit Score of 680
  • Maximum loan amount $679,650
  • Primary residence and second homes

Qualify for a High Balance Nationwide Loan Today

If you are are seeking a high balance loan in Eureka, Arcata, McKinleyville, Fortuna or anywhere in California we can help. We are committed to helping California realize the dream of home ownership. For more information on High Balance Nationwide loans or how to get started contact us today at 707-445-3027 or fill out the quick quote.