Loan sizeAbove conforming limits
ReservesOften more substantial
GuidelinesLender-specific
Who this program may fit
- Higher-priced home purchases
- Borrowers with substantial assets or reserves
- Transactions above conforming loan limits
Potential benefits
- Supports higher loan amounts
- Fixed-rate and adjustable-rate options may be available
- Lender-specific solutions may address different property and borrower profiles
Important considerations
- Documentation and reserve expectations may be higher
- Pricing and down-payment requirements vary widely
- Appraisal review may be more extensive
- Product availability depends heavily on lender and market conditions
What a review may include
A mortgage review commonly considers income, employment, assets, credit history, monthly obligations, occupancy, property type, purchase price or value, available funds, and applicable program requirements.
Educational information only. This page does not describe every guideline and is not a loan approval, rate quote, or commitment to lend. Program terms and availability vary.