Super Conforming 

Super Conforming/High Balance Mortgage loans are above the conforming limit and below the Jumbo floor. The high limit may be lower based on the zip code where the property is located.

Super Conforming/High Balance Mortgages can be fixed rate or adjustable rate loans. Allrate Funding has 10, 15, 20, 25, and 30 conforming fixed rate loans and 10/1, 5/1 and 3/1 conforming adustable rate loans. 

Mortgage borrowers need to understand and measure risks when deciding between an adjustable-rate and fixed-rate conforming mortgage. For more information read the overview or schedule a free mortgage consultation below.

The benefit of a Super Conforming/High Balance fixed-rate conforming mortgage is that the homeowner will not have to contend with varying loan payment amounts that fluctuate with interest rate movements. There is typically a trade-off between risk and reward when it comes to choosing between an adjustable-rate mortgage and a fixed-rate mortgage. Depending on market conditions (the shape of the yield curve), an adjustable-rate mortgage might have a large initial payment advantage over a fixed-rate mortgage. However, if such a scenario exists, there is a probability that the payments on the adjustable-rate mortgage will rise over time.