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Key Highlights
The Benefits
Higher Loan Limits
Finance more expensive homes.
Low Down Payment
Eligible buyers may qualify with minimal upfront cash.
Flexible Qualification
Designed to help more borrowers qualify.
What's Required
Eligible Property Location
Higher loan limits apply in designated areas.
FHA Qualification
Income, credit, and property requirements apply.
Loan Limit Compliance
The loan amount must fall within local FHA limits.
The Ins & Outs
How it Works
An FHA High Balance loan offers the same core benefits as a standard FHA loan but with higher loan limits in eligible areas. It allows qualified borrowers to finance homes that exceed the standard FHA lending limits while still taking advantage of FHA financing.
Whether you're purchasing or refinancing, an FHA High Balance loan can provide additional borrowing power in markets where home prices are higher.
Example Scenario
A homebuyer is purchasing a home in an area where property values are above the standard FHA loan limits. An FHA High Balance loan provides the financing needed while allowing them to take advantage of FHA's flexible qualification guidelines.
What is an FHA High Balance loan?
An FHA High Balance loan is an FHA-insured mortgage with higher loan limits available in eligible areas where home prices exceed the standard FHA lending limits.
Who qualifies for an FHA High Balance loan?
Eligible borrowers must meet FHA and lender qualification requirements, and the property must be located in an area that qualifies for higher FHA loan limits.
Is the down payment different from a standard FHA loan?
In many cases, the down payment requirements are similar to a standard FHA loan, although eligibility and lender guidelines may vary.
Can I use an FHA High Balance loan to refinance?
Yes. Eligible borrowers may use an FHA High Balance loan to purchase or refinance a home, subject to FHA and lender requirements.
How do I know if my area qualifies?
FHA loan limits are determined by county and change periodically. An EHG Mortgage Advisor can help determine whether the property you're purchasing is eligible for FHA High Balance financing.
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