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Elliott Pratt headshot

Elliott Pratt

Branch Leader
Movement Mortgage
NMLS ID # 12556

JUMBO

I want a home with a price that exceeds the conventional loan limit.

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 $647,200 — 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 $822,375.

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.

Elliott Pratt headshot
Elliott Pratt
Branch Leader
Wondering how much home you can afford? Let’s talk about your next move!
99 Rosewood Dr, Ste 270, Danvers, MA 01923
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NMLS # 12556

State License #MA-MLO12556, NH, RI