High Balance & Jumbo Loans

LOAN OPTIONS

High Balance & Jumbo Loans

Aerial view of a neighborhood
Aerial view of a neighborhood

LOAN OPTIONS

High Balance & Jumbo Loans

High Balance Mortgage Loans

Buying Homes in Expensive Housing Markets

If you want to buy in an area considered high cost, or where properties typically exceed loan limits set annually by the Federal Housing Finance Agency, our high balance mortgage loans may be the solution you’re looking for. United Bank offers high balance loans from both conventional and government home loan programs.

You can use a high-balance mortgage loan to buy a home, for a limited cash-out refinance, or for a cash-out refinance. They apply to either fixed-rate or adjustable-rate mortgages, and also to condominiums, cooperative apartments and manufactured homes that have between one and four units. 

 

  High Balance Financing for High Cost Areas

  • Competitive interest rates
  • Loan amounts exceeding $766,550 and up to $1,149,825 for 1-unit properties in designated high cost areas
  • Primary residence, second/vacation home and investment property options
  • Condo financing available

Jumbo Loans

When You Need a Loan Above the Conforming Limit

Like high-balance mortgage loans, jumbo loans are designed for those who want to make a home purchase with a loan that’s larger than the conforming loan limit, but need to borrow even more money than what a high-balance loan can offer.

What Can You Do When You Live in a High-Priced Area?

Get on the phone and talk to a lender about taking on a jumbo mortgage.

A type of non-conforming loan, jumbos in most housing markets can buy you a home worth more than $766,550. Non-conforming loans are any that exceed that funding limit. In some high-priced markets, the minimum financing threshold starts at $1,149,825.

   

  Jumbo Loans for High Cost Areas

  • A large loan for a more expensive home
  • Loan amounts exceeding $1,149,825 for 1-unit properties in designated high cost areas
  • Primary residence and single-family units only
  • Second/vacation home and investment property available with VA Jumbo Loans
  • Condo financing available

Locate a Mortgage Loan Officer near you.

Find a Mortgage Loan Officer

Need help? Give us a call.

800.327.9862

We’ll get right back to you.

Send Email
United Bank is an Equal Housing Lender. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age (provided you have the capacity to enter into a binding contract), because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. The federal agency that administers our compliance with these federal laws is the Federal Reserve, Federal Reserve Consumer Help, PO Box 1200, Minneapolis, MN 55480.
This is not a commitment to lend. Mortgage products and services are offered through United Bank. All loan applications are subject to credit and property approval and must meet loan program requirements to qualify. Annual Percentage Rate (APR), programs, rates, fees, closing costs, terms and conditions are subject to change without notice and may vary depending upon credit history and transaction specifics. Other closing costs may be necessary. Flood and/or property hazard insurance may be required.  Speak with a Mortgage Loan Officer for more specific information.
United Bank and its representatives do not provide tax or legal advice. You should consult your individual tax or legal professional before taking any action that may have tax or legal consequences.