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High Balance Loan Feature  Form

High Balance Loan Feature Form

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Instructions and help about High Balance Loan Feature

Hey ya'll this is Martin Mesa with Rate One Financial welcome back to Mortgage Mind. Today's video is called Conforming versus High Balance Loan Limits. Okay so when you're getting a mortgage loan, most mortgage loans are conventional mortgage loans, at least in America. Conventional mortgage loans are loans that are either sold to Fannie Mae or Freddie Mac. Those are the two big government sponsored entities that buy up most of the mortgages written in America. And Fannie Mae and Freddie Mac in many counties throughout the United States have what they call a conforming loan limit and a high balance loan limit. I'm in Los Angeles County. In LA County, Fannie Mae and Freddie Mac... Well actually, Fannie Mae and Freddie Mac don't set it up. Don't set the limits but there's the conforming loan limit which for a single family home, condo or townhouse in my county is $484,000 and change but they have a high balance loan limit in my cou

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