As we enter the busy spring selling season, you might be evaluating your buying goals and how to achieve them in the evolving market. Movement Mortgage has introduced a way to dream big with a lower down payment through their new jumbo loan option.
If you’ve been eyeing your dream home but hesitating because of the usual 20% down requirement for jumbo loans, this is exciting news. Their new loan program allows you to finance up to $1.5 million with only 5% down!
Loan Highlights:
- 740+ credit score
- 45% Debt-to-Income
- 6 months of reserves required
- 7-Year Fixed ARM
- 30-Year Fixed & 5/1 ARM options also available
- PMI required
This new program is a game-changer for buyers in high-cost areas who have strong credit but prefer to keep more cash on hand for renovations, investments, or simply peace of mind.
Why act now? As of April 6, 2025, mortgage rates have ticked down slightly — with 30-year fixed rates hovering around 6.39% to 6.65%, depending on the lender and loan type. While rates have been volatile due to global economic factors, locking in a competitive rate now could save you thousands over the life of your loan.
Ready to explore your options? Whether you’re upgrading, relocating, or buying your forever home, now’s the perfect time to get pre-approved and see what’s possible. Reach out to Movement Mortgage lenders Jolene Messmer, Carese Busby, or Rick King today.
