Jumbo loans with as little
as five percent down
At OCCU, we’d love to make your 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.
Apply NowLet OCCU lead you home
We’re here to guide you through the homebuying process. If you’re ready to buy, we’ll get right down to the competitive rates, low closing costs and fast processing you want in a mortgage loan.
Send us a message. Our local loan officer will be in touch.
Current rates
We offer a variety of different mortgage loan programs so we can work together to find the one that best suits your individual needs.
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5.007%aprJumbo*Apply Now
As low as
Calculate your home loan payment
Take the guesswork out of homebuying with our mortgage calculator. Get a head start on homebuying with our mortgage calculators. See what your monthly payment might be with current interest rates and how your payment impacts your principal over time.
PAYMENT EXAMPLES
| Financed amount | Rate | APR | Term | Monthly payment |
|---|---|---|---|---|
| $500,000 | 4.875% | 5.007% | 15 years | $3,922 |
| $500,000 | 4.875% | 5.007% | 30 years | $2,647 |
| $1,000,000 | 4.875% | 5.007% | 15 years | $7,843 |
| $1,000,000 | 4.875% | 5.007% | 30 years | $5,293 |
Calculate your monthly payments
With this calculator, you can see how your payment impacts your principal over time.
Break down your APR ahead of time
Prepare by calculating APR for fixed-rate or adjustable-rate loans.
Is a jumbo loan right for you?
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.
Meet with a loan officer »Go big and go home
Ready to get moving? With OCCU, you can expect great, competitive rates, low closing costs and fast loan processing. Our mortgage loan officers will walk you through every step of the homebuying process, ensuring you have the best, most convenient experience possible.
Start the application »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 $453,100 or more.
- The property is a single-family, owner occupied residence.
- Second appraisal of the home is required.
- Borrowers have a lower debt-to-income ratio.
Conventional loans
Conventional loans are the most common types of mortgages and either fall into one of two categories: conforming or non-conforming. The main difference between a jumbo loan, a type of non-conforming 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 percent LTV available
- Low closing cost programs
- In-house underwriting
- A dedicated local mortgage loan officer
Where to begin
If you need a refresher on the homebuying process, visit the OCCU Homebuying 101 Center. You can track your progress all the way from pre-qualification to what happens after closing on your new home.
Get startedWhat you need to know
Home prices in many cities continue to soar. As a result, more and more homebuyers are venturing into jumbo mortgage territory. Here’s what you need to know about jumbo loans.
Learn more“Being able to get a mortgage without being transferred a million times…I think that’s fantastic.”
Damon B.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!
Home ownership resources
Owning a home is a rewarding experience. Learn to make the most of it with our helpful home ownership articles on topics including tips on the homebuying process, using your home equity wisely and upgrading your home with smart home technology.
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*OCCU Jumbo Home Loan rates start at 4.875%, 1.0% Point Origination. 5.007% APR. Rates may change and are current as of 08/2/18. Assumes 80% LTV/CLTV purchase of owner-occupied, SFR, 680 credit score, and $650,000 purchase price on a 45-day lock. Rates, fees, and programs subject to change without notice at any time. For example, on a loan for $520,000 at 4.875% for 360 months, you would make 360 payments of $2,751.88. Rates, fees, and programs subject to change without notice at any time.