FAQ

Loan Types and Products

6 questions

What types of mortgages does Loan Cabin offer?

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We currently offer both fixed and adjustable rates for conventional, FHA, VA and Jumbo loans. Type of properties we will finance:

  • Single-family homes
  • Multi-family homes (1-4 units)
  • Townhouses
  • Condominiums
  • Planned Unit Development (PUD)

At this time we do not offer mortgages for:

  • Multi-family homes (Five or more units)
  • Co-ops
  • Mixed-use properties
  • Commercial properties

What is the difference between a conforming high balance loan and a standard conforming loan?

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A High-Balance Mortgage Loan is a conventional mortgage loan where the loan amount exceeds the conforming loan limits. Specific high-cost area loan limits are established annually for each county by the Federal Housing Finance Agency (FHFA). The conforming loan limit is $510,400 and the high-cost area limit is $765,600 – or 150 percent of $510,400 for a 1-unit dwelling in the continental U.S.