Conventional Conforming and High Balance Mortgages
LENDERLINE® is currently offering conventional conforming and high-balance mortgages under the following guidelines:
- The property must be located in the State of California.
- Minimum 620 credit score.
- Purchase or refinance.
- Primary residence, second home or investment.
- First-time home buyer OK.
- Up to 97% loan-to-value for primary residence. See eligibility matrix.
- Up to 85% loan-to-value for investment properties. See eligibility matrix.
- W-2 wage earner or self-employed.
- Borrower must be U.S. citizens or permanent residents with valid work authorization documents. No foreign nationals or undocumented ITIN workers are allowed under this program.
- SFR, PUD, condos, townhomes and 2-4 units.
- Late payments OK with automated underwriting approval.
- Reserves determined by automated underwriting approval.
- Up to 50% DTI with automated underwriting approval.
- Loan limits are county-specific, click here for FNMA look-up.
- Available as a 5/1 ARM, 7/1 ARM, 10/1 ARM or 30-year fixed rate.
- No prepayment penalty.
LENDERLINE® is your conventional mortgage lender of choice. We offer the lowest 30 year fixed mortgage rate in the nation for a conventional loan.
Questions? To get today’s interest rates or to receive a FREE mortgage consultation, call LENDERLINE® toll-free at 1-888-661-7888, or complete this form to schedule an appointment.