Jumbo

Jumbo Loans - When You Need a Loan Above the Conforming Limit

You’re ready to buy a home but live in one of the nation’s priciest housing markets. Inventory is low. Demand is high. And homes routinely cost over $1 million.

What can you do when you live in a high-priced area?

Get on the phone and talk to a lender about taking on a jumbo mortgage.

A type of non-conforming loan, jumbos in most housing markets can buy you a home worth more than $453,100 — the limit for “conforming loans” supported by mortgage giants Fannie Mae and Freddie Mac. Non-conforming loans are any that exceed that funding limit.

In some high-priced markets, the minimum financing threshold starts at $679,650.

Movement is Expanding our Jumbo Loan Products

Movement Mortgage has investors ready and willing to fund these types of loans, and a secondary marketing department creating jumbo options for a variety of localities and home buyer needs.

Let us know how we can help you with your home purchase in a high priced area.

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