The Lowest Jumbo Rate Ever

Residential Homes

TruStage Insurance Agency. Home insurance savings for hard working people.

Your Dreams Finally Came True. The Lowest Jumbo Rate Ever!

2.500% | 2.683% APRFor Purchase Transaction

We understand when it comes to your dreams one size does not fit all, but a 2.500%1 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 to no down payment options available
  • Available for Refinance and Purchase Transactions

 

80-10-10

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

 


 

Receive $400 Closing Credit when all required documentation is received within 48 hours of mortgage application4

 


No Closing Cost Option

Bring less money to closing


Our No Closing Cost Option5 greatly reduces the amount of money
you need to bring to the closing. Your interest rate will be slightly
higher, but there is no prepayment penalty or hidden restrictions.
This option is available for both purchase and refinance mortgage loans. 

Let us know during the mortgage application process that you are
interested in taking advantage of our No Closing Cost Option.

 


 

USE OUR AWESOME MOBILE FRIENDLY ONLINE APPLICATION EXPERIENCE
or Call a Real Estate Specialist at 800.252.6950

Mortgage Loan Originators

 

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Call 800.252.6950

 

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.

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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 $548,251. We conduct business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.

1Loans up to 85% of a home’s value are available on a purchase or refinance with no cash back, subject to property type, a required minimum credit score and a minimum amount of monthly reserves (i.e., you must set aside enough money in reserve to make a specified number of monthly mortgage payments [principal, interest, taxes and insurance] after the loan closes).

85% Example: A 15-year, fixed-rate loan of $600,000 with an interest rate of 2.500%|2.683% APR will have 180 monthly principal and interest payments of $4,000.74. Payments shown do not include taxes and insurance. Actual payments will be higher. This is assuming a purchase transaction, 45-day lock, 85% LTV, 740 FICO, single family, owner occupied, 0.75 point paid, rates change daily.

Actual payment amount will vary based upon credit history, rates in effect at the time of consummation, LTV and other credit factors. A LTV ratio above 80% may result in a need for mortgage insurance. If mortgage insurance is required, the amount of your payment will increase. The APR is subject to change at any time prior to consummation, and individual APRs may vary for loan purchases and loan refinances due to loan programs being offered, loan volume, or other factors.

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.

4Mortgage application must be fully completed and submitted. All supporting documentation needed to process your mortgage application includes but is not limited to: income statements, asset statements, mortgage statement, letters of explanation etc.

5No 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.

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