Your Dreams Finally Came True.
We understand when it comes to your dreams one size does not fit all, but a great rate, service that exceeds expectations, and greater homebuying power are perfect for everyone’s dreams. When home prices scale up so does your buying power with a Credit Union 1 Jumbo Mortgage Home Loan. Lower rates mean lower payments. Lower rates mean you can afford more home. That’s buying power brought to you by Credit Union 1. Whether for your home buying or refinancing needs, Credit Union 1 Jumbo loans are a dream come true.
Jumbo Mortgage Loan
- Financing available up to $2 million
- PMI (Private Mortgage Insurance) waived on qualifying transactions
- Limited down payment options
- Available for Refinance and Purchase Transactions
Increase your spending power, get more flexibility, and save Private Mortgage Insurance (PMI) costs with our 80-10-102 program.
Here is how our 80-10-102 works:
- 80% of the loan is financed as a fixed rate first mortgage
- 10% of the loan is financed in the form of a home equity line of credit (HELOC)3
- 10% refers to the required cash down payment
- Waive PMI
Calculate Your Mortgage Options
Find out how much your monthly mortgage payment could be, based on your home’s purchase price and the terms of your loan.
This calculator is for general education purposes only and is not an illustration of current Credit Union 1 products and offers.
Mortgage Calculator Request Rate Quote
NMLS# 384759. APR=Annual Percentage Rate. Rates, terms and conditions are subject to change and may vary based on creditworthiness, qualifications and collateral conditions. All loans subject to approval. Jumbo Loans have a minimum loan amount of $726,200. We conduct business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.
2The 80-10-10 mortgage program is available on a single family, owner-occupied dwelling. To qualify, both the first mortgage and home equity line of credit (HELOC) must be financed with Credit Union 1. Private Mortgage Insurance (PMI) is not required. Normal closing costs apply. This loan is only available in IL, IN, and NV.
3The Annual Percentage Rate may vary after the account is opened. There is a $75 Annual Fee and a $100 Minimum Monthly Payment. 20-year term, 10-year draw. HELOC has a floor rate of 3.74% APR. The maximum rate that may be imposed is 18.00% APR. Closing costs vary by state and range from $250 - $750, available for properties in IL, IN, and NV only. Credit Union 1 will pay the closing fees associated with the setup of the loan. If HELOC is closed within 24 months from the open date, a fee reimbursement applies for costs associated to setup the loan.
4No Closing Cost offer is available for owner occupied primary residential purchases and refinances. Subject to approval. You still need to make any down payment and pay reserves applicable. CU1 will pay closing costs including but not limited to: lender's title insurance, title services, appraisal, tax service, credit report, flood certification, and recording fees. Paid closing costs do not include: prepaid interest, rate lock extension, rate relock, rate float down, homeowners insurance, initial escrow deposit, owner's title insurance, or city and/or county transfer tax. If the loan is paid off in 6 months of origination a prorated amount of closing costs will be added to the loan payoff amount.