A Small Down Payment. A Big County.
FHA financing above the standard limit, for buyers in the counties where housing costs run well past the national number.*
The FHA rules you know, with more room.
Same flexible credit approach, applied to the limit your county actually publishes.
- Small down payment on an eligible purchase
- Flexible credit guidelines, the same as standard FHA
- First-time and repeat buyers welcome
- Purchase, rate and term refinance, or cash out*
- One to four units and FHA approved condominiums
- Mortgage insurance applies, the same as standard FHA
Loan amounts above the standard FHA limit*
Buy, refinance, or take cash out
One to four unit properties, condominiums included
Owner occupied homes only
Flexible credit guidelines, the same as standard FHA
A non occupying co borrower can be added on a purchase*
What is the Saxton FHA High Balance Loan?
Government insured financing sized for high cost counties
The Saxton FHA High Balance Loan is standard FHA financing applied above the national limit. FHA publishes a separate limit for each county, and in the expensive ones that number is far higher than the national floor. This is the loan that uses it.
Two numbers decide how far this can go: the limit FHA publishes for your county, and what the property appraises for. In high cost counties the county figure runs far above the national floor, which is the whole reason this version of the loan exists.
Nothing else about FHA changes. The credit approach stays flexible, the down payment stays small, and mortgage insurance still applies. What changes is the ceiling, which is set by where you are buying rather than by a single national figure.*
Why choose the Saxton FHA High Balance Loan?
Built for buyers in the counties where an ordinary house costs more than the national limit allows.
Expensive Counties
FHA publishes a limit for every county. In the costly ones it is far above the national floor, and that is the number this loan uses.
Credit Flexibility
The flexible credit approach that makes FHA worth using does not tighten because the balance is larger.
A Small Down Payment
FHA is built around a small down payment, and that holds at the higher limit as well.
Gift Funds
A gift of equity can be used as a source of down payment on an eligible purchase.*
Family Can Help
A parent or family member can be added as a non occupying co borrower on a purchase.*
One To Four Units
A duplex, triplex or fourplex qualifies, as long as you live in one of the units.
Hear From Homeowners Like You
Frequently Asked Questions
Straight answers about FHA financing above the standard limit.
It is the same FHA program with the same rules, using the higher loan limit your county publishes instead of the national one. Nothing about the credit approach changes.*
FHA sets a limit for every county in the country and updates it each year. A licensed loan officer can tell you the figure for the county you are buying in.
No. FHA is built around a small down payment and that does not change at the higher limit. A gift of equity can be used as a source of those funds on an eligible purchase.*
Yes. Mortgage insurance is part of how FHA works, and it applies here the same way it applies on a standard FHA loan.
Yes, on a purchase. A non occupying co borrower is allowed, and the terms are better when that person is a family member. It is not allowed on a cash out refinance.*
Yes, on a purchase or a refinance of a home you occupy, subject to the FHA requirements for cash out. It is not available in every state.*
Yes, as long as you live in one of the units. FHA allows one to four unit properties and FHA approved condominiums.
Find out what you qualify for
Whether you are buying above the standard limit or refinancing a balance already there, there is likely a Saxton FHA High Balance Loan that fits. Get a fast, no obligation pre-qualification today.
Get Pre-Qualified- U.S. Department of Housing and Urban Development, FHA and housing resources
- U.S. Department of Housing and Urban Development, FHA mortgage insurance premiums
*Loan amounts, rates, terms, and down payment requirements are subject to credit approval, income and asset verification, and program eligibility. FHA financing is governed by the loan limit FHA publishes for each county, which changes annually. Requirements vary by occupancy, credit profile and documentation type. Cash out refinancing is not available in every state. Not all applicants will qualify. Saxton Mortgage, LLC is an Equal Housing Lender.