Best California Conforming, High Balance, and Jumbo Loans can and will be funded by Valor Lending Group. Are you looking to purchase your forever home? Are looking to access equity in your existing property not sure how to be qualified? Would you like to discuss your options in today’s market? Valor Lending Group still access to the best California Conforming, High Balance, and Jumbo Loans options available.
What is a Conforming Loan?
A conforming loan is a mortgage loan that “conforms” to the underwriting guidelines of Fannie Mae or Freddie Mac. Each conforming loan will go through Automated Underwriting System (AUS) before reviewed by an actual underwriter.
Conforming loan limits in California are the maximum loan amount a lender can lend under current Conforming guidelines. Each county’s has a conforming loan amount set by The Housing and Economic Recovery Act.
FHA home loans and VA home loans are backed by the U.S. government and are not Conforming nor are they Conventional loans.
What is a High Balance Loan?
A High Balance Loan is defined as a conventional mortgage loan where the loan amount exceeds the conforming loan limits. This is different from a Conforming loan due to a high-cost area adjustment or because a new county has been designated as a high-cost area by the FHFA.
What is a Jumbo Loan?
A Jumbo Loan or Non-Conforming mortgage is a mortgage that may have high credit quality, but is in an amount above conventional conforming loan limits. These loans are considered riskier for lenders because these loans will not be backed or guaranteed by Fannie and Freddie. This means that the lender is not protected from losses if a borrower goes into default. Jumbo loans can be either a fixed interest rate or an adjustable rate, and many different terms to choose from.
CALL ADAM LAWRENCE TODAY TO DISCUSS YOUR LOAN SCENERIO TODAY 858-344-0323
What else can Valor Lending Group Do for you?
Recap of our Loan Products:
- Hard Money Loans (20% down / minimal documentation) Typically Fund in 7-10 days.
- Stated Income Loans (Great for business owners and self employed ) No tax returns!
- 100% financing is available (we can cross collateralize other properties if there is enough equity)
- Valor VA Home Loan 100% financing up to $1.5MM
- Rental Property Loan – No tax returns or DTI calculation! Based on subject property cash flow – No DSCR Coverage needed!
- Flipper & Rehab Loans (Flip a property with one of our many options)
- 2nd Position Loans up to $5mm
- Raw Land & Lot Loans
- Ground up Construction for spec homes, custom homes and commercial ground up.
- Farms, Vineyards, Ranches and Agricultural Properties (25-30% down)
- 5% down Jumbo’s with NO MI up to $2mm / 10% down up to $3mm
- Manufactured Housing / Mobile Homes (20% down / 600+ credit score)
- Acreage Properties
- Commercial Loans up to $500mm
- 3% & 5% down Conventional Loans– LPMI (Lender paid mortgage insurance)
- Foreign Nationals Loans (no social security or residency required)
