Jumbo Home Loan Rates as Low As
APR Effective 9/23/2020*
3.268%APR
Jumbo 30-Year Fixed
3.760%APR
Jumbo 30-Year Fixed Refinance
3.482%APR
Jumbo 5 Year ARM (5yr/5yr) Refinance
Adjusts every 5 years
*See important information about rates, fees and other costs
If you've found a home that requires a larger-than-usual loan amount, look into a jumbo loan. Jumbo loans are available in both fixed-rates and ARMs.
Features & Benefits
- Predictable payments
- No origination fees*
- Loan amounts over to $510,400
- Available in both fixed-rates and ARMs
- Can be used on primary and secondary homes
Limited Time Offer
For a limited time, we'll reduce your closing costs.
- Purchase only
- Up to $750 credit at closing with automatic payment from a BECU account1
- Excludes refinance, 12 year no fee, FHA and VA loans
No Origination Fees
BECU is excited to announce yet another way we can save our members' money: NO origination fee on fixed-rate or adjustable-rate mortgage home loans for purchase and refinance transactions*. No origination fee significantly reduces closing costs. And reducing cost is just one more way BECU can help members combat the skyrocketing prices in today's real estate market.
Need help figuring out what Jumbo loan is right for you?
Our Loan Consultant tool can help you find the jumbo loan that fits your needs, and give you information on interest rates and closing costs.
Our Jumbo Loan Programs Include:
| Why choose this | Pros | Cons | |
|---|---|---|---|
You need to qualify for the largest loan possible |
Fixed rate of interest |
You end up paying more in interest charges over the life of the loan |
|
You plan on staying in the home long-term |
Level principal and interest payments for the full term of the loan |
Benefits of the fixed rate are not realized until after the seventh year (A 7 Year Jumbo ARM is a better option if loan is paid-off within seven years) |
|
You think interest rates will increase |
No risk that changing market conditions will increase your monthly payments |
Interest rates on Jumbo fixed rate loans are typically higher than conforming fixed rate loans |
|
You don't expect your income to increase significantly over the coming years |
Need more information?
Just stop by your Neighborhood Financial Center, and we can answer your questions and help you find the loan that's right for you.
Ready to apply?
1Mortgage application must be received between 07/24/2020 and 10/31/2020. Closing cost credit of up to $1,000 for Whatcom county purchases or refinances (property must be located in Whatcom County), and up to $750 in all other areas for purchases only. Credit is applied at loan closing with setup of automatic mortgage payment from a BECU account. Mortgages are available in: WA, OR, CA, AZ, KS, MO, PA, ID, SC and IL only. Eligible for owner and non-owner occupied property, including investment property (1-4 units). Offer not valid on Government loans (FHA, VA) and 12-Year No Fee. Loans are subject to BECU membership, credit approval, and other underwriting criteria; not everyone will qualify. Certain restrictions apply. Home loan programs, terms and conditions are subject to change without notification. Loan must close 90 days from the application date.
*Offer applies to purchase and refinance transactions. Loans are subject to credit approval and other underwriting criteria, and not everybody will qualify. Certain restrictions apply. Home loan programs, terms and conditions are subject to change without notification. BECU reserves the right to terminate this offer at any time without notice. Boeing Employees' Credit Union NMLS ID 490518.