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While we work to resolve the issue, we encourage you to check back for updates. In the meantime, you can still access your accounts securely by logging into Digital Banking or stopping by any of our convenient 14 branches.

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    Jumbo Loans

    Jumbo Loans

    A type of mortgage that exceeds the conforming loan limits set as eligible for purchase by government-sponsored enterprises.

    More Details

    A jumbo loan is a type of mortgage loan that exceeds the conforming loan limits set by the Federal Housing Finance Agency (FHFA). In most parts of the country, the conforming loan limit is $548,250 for a single-family home. In high-cost areas, the conforming loan limit may be higher.

    Example

    If the conforming loan limit in your area is $548,250 and you want to buy a home that is priced at $750,000 but are unable to make a down payment large enough to bring the loan amount below the conforming loan limit, you will need to apply for a jumbo loan to finance the purchase.

    Related Terms

    Compound Interest

    Interest calculated on the sum of a principal and accumulated interest from previous periods.

    Learn More

    Service Charge

    A fee charged by a credit issuer or financial institution for processing transactions, usually added onto the total cost paid by a customer.

    Learn More

    Bankruptcy

    A legal process in which an individual or business has their assets liquidated or restructured in order to pay off creditors.

    Learn More

    Ready to Own the Home of Your Dreams?

    Join now to get access to the competitive rates, member-friendly loan products, and educational resources you need to secure an exceptional financial future.

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