High-Balance

A high-balance loan is a loan that exceeds the conforming loan limits of $647,200 but still falls within the local conforming county limits. About 5% of the county falls within high-balance counties - for example, Los Angeles or New York City both fall within a high-balance county, meaning the average price of real estate is more expensive due to its location.

• Follows conventional loan guidelines
• High-Balance loan programs require a credit score fo 620
• Down payment of at least 5%
• Debt-to-income ratio cannot exceed 45%
• Pike County is the only county in Pennsylvania that offers High-Balance loans. Max loan amount of $970,800