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Our Midwood branch located at 1560 Flatbush Avenue in Brooklyn will reopen this Friday, May 31st!

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Jumbo Mortgages

When It Comes to Your Home, Never Settle for Less.

Have your eye on a higher-priced home? Our Jumbo Loan options exceed the limit of a conventional loan and allow you to buy up to $1 million in residential property.

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Get Low Rates on High-Value Homes.

A Jumbo Mortgage lets you go above and beyond typical loan limitations, with increased limits of up to $1 million for qualified borrowers. Get the most out of your mortgage with a Jumbo Loan from MCU.

 

We’re Ready to Help You Get Past Any Homebuying Hurdles.

Whether you’re just starting browsing for real estate in your area or have already picked out your dream home, MCU is ready to help you bring your goals to life.

Our team of Lending Sales Specialists is excited to help you find the right lending option for your unique needs, and ready to answer any questions that pop up along the way.

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Experience the Security of a Fixed-Rate Jumbo Mortgage.

Enjoy the protection and peace of mind of knowing that your mortgage rate will remain the same for the duration of your loan.

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15-Year Term

Take out a loan over a 15-year term, and experience rates as low as 6.000% APR*.

Apply Today
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20-Year Term

Take out a loan over a 20-year term, and experience rates as low as 6.125% APR*.

Apply Today
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30-Year Term

Take out a loan over a 30-year term, and experience rates as low as 6.500% APR*.

Apply Today

Looking for a Different Type of Mortgage?

Finding the right mortgage can be challenging. That’s why we offer our members a variety of mortgage options—all with member-friendly terms, competitive rates, and top-notch support.

Get Expert Support, When You Need It.

Connect with one of our Lending Sales Specialists to receive personalized support with all of your lending needs—just another perk of being a member of the MCU community.

Carl Gayle
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Carl Gayle

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Stephanie Rodriguez
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Stephanie Rodriguez

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Taurean Durham
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Taurean Durham

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Cesarina Pena
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Cesarina Pena

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 Arnold Allston
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Arnold Allston

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Xiang He Lin
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Xiang He Lin

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Michele Palmucci
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Michele Palmucci

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Sherry Munro
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Sherry Munro

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Jerrel Sturrup
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Jerrel Sturrup

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Stephanie Fernandez
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Stephanie Fernandez

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Emilio Sosa
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Emilio Sosa

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Warren Irons
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Warren Irons

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Shantell Wynn
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Shantell Wynn

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Gary Cotes
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Gary Cotes

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Pedro Lopez
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Pedro Lopez

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Sabrina Kilgore
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Sabrina Kilgore

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Omar Osoria
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Omar Osoria

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Adam Gonda
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Adam Gonda

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 Walter Skowronski
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Walter Skowronski

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Sean Remy
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Sean Remy

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Carlos Raposo
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Carlos Raposo

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Gabrielle Naughton
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Gabrielle Naughton

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Justyn Chery
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Justyn Chery

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Raquel Bhola
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Raquel Bhola

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Explore Additional MCU Lending Options.

We work hard to ensure that our community heroes get the financial support they deserve. Whether you're buying a home, a vehicle, or something else, MCU is here to help you along the way.

No Matter Where You Are in Life, We’re Right There with You.

At MCU, we believe that a credit union should be a lifelong source of financial education and support—from planning for college to saving for retirement and everything in between.

That’s why we have specialized recommendations for products and services designed to help you meet your goals (both short-term and down the road), based on your changing needs and priorities.

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Make the Most of Your MCU Membership.

Membership in our community is about more than just banking. As an MCU member, you can access valuable information and resources to help you plan and reach your financial goals.

All about Private Mortgage Insurance (PMI)

Have you heard of PMI? PMI, short for Private Mortgage Insurance, is an insurance policy that helps protect the lender if the borrower can't pay their mortgage. ...

What to Consider Financially As A First-Time Homebuyer

So, you’re ready to buy your first home. Congratulations! For many people, taking this step is one of the biggest financial moves they will make in their entire lives. Because of ...

Mortgages 101: Getting Started on The Path to Homeownership

When you embark on the search for a new home, you may think you know the steps to take: Read the listings, visit some open houses, sign on with a Realtor, make an offer. In fact, ...
FAQs

Get Answers to Our Frequently Asked Questions.

Do Jumbo Mortgages need to be a 30-year fixed rate loan?

No, Jumbo Mortgages do not have to be a 30-year loan, and come in various term lengths depending on your specific needs.

Do Jumbo Mortgages have affordable interest rates?

A common misconception about Jumbo Mortgages is that the interest rate will be dramatically higher than a conventional loan due to the high cost of the home. However, Jumbo Mortgages have very competitive interest rates, and in some cases, may be even lower than a traditional conventional mortgage.

What is the limit of the loan?

You may borrow up to $970,800 for a Jumbo Mortgage for a single-family home in high-cost living areas.

Is it hard to qualify for Jumbo Mortgage?

Because Jumbo Mortgages are reserved for higher-cost homes that fall above the federal loan limit, it is typically more difficult to qualify than a conventional loan. However, Jumbo Mortgages offer competitive interest rates and allow borrowers to set down roots in high-cost areas.

Are You Ready to Buy Your Dream Home?

Join now to get access to the competitive rates, savings products, and educational resources you need to secure an exceptional financial future—and the residential property of your dreams.

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Why Join?
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Disclosure:

*APR = Annual Percentage Rate.

Above APRs are based on loan amounts of $680,000. Above rates are applicable to loans secured by a 1-2 Family home which is the principal residence of the borrower(s). Different rates may apply for loans secured by Co-ops, Second/Vacation homes and 3-4 Family homes. Rates may be higher based on applicant’s creditworthiness. Rates and terms are subject to change without notice. Certain restrictions may apply. For more details, see our Rates page.

 

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