Jumbo Loans

Jumbo loans with as little as 3% down

At OCCU, we’d love to make your Oregon dream home a reality. If you’re a high-income earner with strong credit and financial history, you could qualify for rates comparable to traditional mortgage loans. If you think an OCCU jumbo home loan aligns with your homebuying journey, let’s talk about how to save you money.

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Spend less on your down payment

While most lenders require 20% to 30% down, OCCU jumbo home loans require as little as 3% down*, giving you more flexibility in your budget. On a $550,000 loan, that means you could spend $80,000 less on your down payment than with other lenders.

Jumbo loans

While you shop for a home that will meet all your needs, it’s important to know that mortgage options differ based on the amount you’re looking to borrow.

There are criteria that apply only to jumbo loans, including:

  • The loan amount must be more than $548,250.
  • The property is a single-family, owner-occupied  
  • Single appraisal of the home.
  • Borrowers have a lower debt-to-income ratio.

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Conventional loans

Conventional loans are the most common types of mortgages and either fall into one of two categories: conforming or nonconforming. The main difference between a jumbo loan—a type of nonconforming loan—and a conforming loan is the amount you’re borrowing.

Many conventional loan programs available through OCCU feature:

  • Terms between 10 and 30 years.
  • Fixed and adjustable-rate options.
  • Programs with up to 95% loan to value available.
  • Low closing cost programs.

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See current mortgage rates

Check current mortgage rates on jumbo and conventional loans offered by OCCU.


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Calculate your monthly payments

Calculate your budget and see how your payment impacts your principal over time.


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Your homebuying journey

Ready to start your homebuying journey? Visit our Homebuying 101 Center to track your progress.


Homebuying 101


Have questions?

Whether you’re just beginning the process or you’ve already found your dream home and are ready to apply, our loan officers are here to guide you through the homebuying process and answer your questions. Let's connect!

*3% down payment on qualified 1-unit, primary properties.