Preferred Mortgage now offers high balance Fannie Mae loan product in all Counties in the state. This means we can finance conventional Fannie Mae loans up to $726,525 in any county. (This product is available for both purchases and refinancing.)
For example, the conventional loan limit on a single family residence in Solano County is currently $460,000, yet homes in areas such as Benicia or Green Valley, often sell for $600,000 to $900,000. Up until now borrowers were forced to use Jumbo loans which come with higher interest rates, larger down payments, and hefty cash reserves requirements. Now it doesn’t matter which county you live in we can finance with Fannie Mae conventional loans to $726,525.
Originally Posted: March 28, 2018
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