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.