Dream Bigger. Borrow Bigger.
Need a loan that goes beyond conventional limits? A Jumbo Mortgage lets you finance high-value properties with confidence and flexibility.
What Is a Jumbo Mortgage?
A jumbo mortgage is a home loan that exceeds the limits set by the Federal Housing Finance Agency (FHFA), where the purchase price of the home is above $806,500. Since they’re not backed by Fannie Mae or Freddie Mac, jumbo mortgages have different qualification standards.
Benefits of a Jumbo Mortgage from MSUFCU:
Jumbo mortgages require Private Mortgage Insurance (PMI) for loans over 80% LTV.
Ready to dream big?
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Home loans available for homes in the following states: Michigan, Alabama, Arizona, Colorado, Florida, Georgia, Illinois, Indiana, Kentucky, Minnesota, Missouri, North Carolina, Ohio, Oregon, Pennsylvania, South Carolina, Tennessee, Virginia, Washington, and Wisconsin. Construction home loans are available in Michigan and Illinois. Rates are based on creditworthiness, loan-to-value (LTV), property type, and other factors associated with your loan application, your rate may be higher.
APR is annual percentage rate, and is subject to change. Your rate will depend on your credit score and the term. The loans subject to credit approval.
