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Jumbo Mortgage Loan

Michigan Schools and Government Credit Union offers competitive, industry-leading pricing on Jumbo Mortgage Loans* with flexibility for home financing on larger loans.

At MSGCU, we offer quick qualifying and an easy process from application to close while offering record-low interest rates and fees.

*Jumbo loans refer to mortgages that exceed the conforming loan limit of $417,000.
 
Jumbo Loan Features
  • Purchase or refinance
  • Loan amounts more than $417,000
  • Fixed-Rate or Adjustable-Rate Mortgage
  • No prepayment penalties
Apply online today or contact a Mortgage Specialist to start the application process.

Rates as of Friday, November 10, 2017

Product DescriptionRates as low asAPR*Fully Indexed RatePayments
Jumbo Mortgage Loans - Fixed
30 Year Jumbo Fixed4.125%4.252%N/AShow Payments
15 Year Jumbo Fixed3.500%3.721%N/AShow Payments
Jumbo Mortgage Loans - ARM
5-Year Jumbo ARM4.625%3.628%2.875%Show Payments

*APR - Annual Percentage Rate

**Fixed-Rate Assumptions: The payment is based on a $500,000 loan amount (80% loan-to-value) and consists of principal and interest only. The payment does not include taxes and insurance premiums.The actual payment amount will be greater. The APR includes a Processing Fee of $295, an Underwriting Fee of $450 and 0.25% Discount Point. 

**Adjustable-Rate Assumptions: The initial payment is based on a $500,000 loan amount, amortized for 30 years. The interest rate is variable and subject to change after 5 years. After the initial 5 years, the principal and interest payment can change every year for the remaining life of the loan. The payment consists of principal and interest and does not include taxes and insurance premiums. The actual payment amount will be greater. The APR includes a Processing Fee of $295, an Underwriting Fee of $450 and 0.25% Discount Point.