High-Balance Loans
The Housing and Economic Recover Act of 2008 (HERA), established a “high-cost” area loan limit for High-Balance loans. High-Balance loans limits are between $417,000 and $729,750. The maximum loan amount is determined by the county in which the property is located.
Benefits & Highlights
- Terms up to 30 years
- Competitive fixed and adjustable rates options
- Loan amounts starting at $417,000
Loan Options
- 90% LTV (loan-to-value) up to $729,750 in high cost areas*
NWFCU Loan Advantages
- Competitive rates
- Low lender fees
- Free pre-approvals with 24/7 automated loan decisions through our online mortgage application
- No prepayment penalties
- Fast, local processing
- Free, informative buying and selling seminars
- Prompt, professional and courteous service
- NWFCU maintains the servicing for the life of the loan
BONUS BENEFIT
Earn 5,000 mileage points on your NWFCU Travel Rewards MasterCard. More.
*High cost areas as defined by the Federal Housing Finance Agency (FHFA).
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