Introducing High Balance Nationwide for
Riverside & San Bernardino Counties
Mortgage Express is excited to introduce this new Fannie Mae loan program. We are one of the few lenders in Riverside & San Bernardino counties to offer this exciting new loan option to home buyers.
Currently in Riverside & San Bernardino counties there is NO High Balance conforming loan option, once your loan exceeds the max conforming loan of $484,350 your only loan option is Jumbo with 20% down.
But now, with Fannie Mae’s new High Balance Nationwide loan option, you will be able to purchase a primary or second home from $538,166 to $807,250 with a minimum of 10% down !!
THE BASICS
- 680 Min FICO; Max 43% Debt-to-income
- DU approved, no manual underwrites like Jumbos
- 30 yr Fixed only
- Better rates, easier guidelines, faster turn times than Jumbo loans
- NO MI !!
Other Benefits –
Even if you choose to put down 20%, this is still a better option than a Jumbo loan.
The underwriting guidelines are easier and interest rates are better.
