Jumbo Mortgage Loans
Get all the borrowing power you need
Maybe you need a bigger house for a growing family. Or perhaps you're moving to a neighborhood with higher housing values. If you've built up a good credit rating and kept your debts under control, you can qualify for a larger than normal mortgage at Credit Union ONE's right-sized rates.
- For primary or owner-occupied residences
- Lock in your interest rate for the first three months while you shop for your home
- Receive personalized service from an experienced Mortgage Consultant
Run the numbers on a Jumbo loan.
Jumbo Mortgage Loans FAQs
A Jumbo Mortgage allows you to put down as little as 5%. However, if you put 20% down, then you immediately have equity in your home as soon as close as well as no PMI. This is beneficial to if you plan to refinance or sell within a few years. A larger down payment can generally lead to a lower monthly payment and a better interest rate. Our Mortgage Lenders will work with you to find the best options for you budget.
Private mortgage insurance (PMI) is a form of mortgage insurance that may be required with certain types of loans. If you default on your loan, PMI protects your lender. In the case of a Jumbo Loan, you will be required to pay PMI if you put less than 20% down.
As of 2025, the minimum loan amount is $806,501 but it changes every year. Consult our Mortgage Lenders regarding your individual situation since each state differs.
Credit Union ONE is a full-service financial institution with locations in Southeast Michigan, Davison, MI, Traverse City, MI, and Grand Rapids, MI.
Go big with a Jumbo Loan.
The calculator tools are not guarantees of credit. Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes.