In the market for that "once in a life time" dream house? Does your dream translate into a loan that's larger than the conventional loan limit? If you can make a large down payment and pay all your closing costs up front, you will get a lower rate by staying below this limit. However, if your financing needs are greater, a Jumbo loan may be the right choice.
Use the Loan Consultant to find the Jumbo loan right for you. At the same time you get quotes on current interest rates and closing costs.
You may instead select the specific Jumbo loan program that interests you to learn more about our various loan programs.
You need your monthly payments to remain fixed over the life of the loan.
Loan amounts ranging from $726,201. to $1,000,000.
Advantages:
Level principal and interest payments for the full term of the loan.
No risk that changing market conditions will increase your monthly payments.
Disadvantages:
Benefits of the fixed rate are not realized until after the 10th year. (10/1 ARM is a better option if loan is paid-off within 10 years.)
30 Year Fixed Super Jumbo
Best Choice If:
You plan on staying in the home long-term.
You need your monthly payments to remain fixed over the life of the loan.
Loan amounts ranging from $1,000,001. and up.
Advantages:
Level principal and interest payments for the full term of the loan.
No risk that changing market conditions will increase your monthly payments.
Disadvantages:
Benefits of the fixed rate are not realized until after the 10th year. (10/1 ARM is a better option if loan is paid-off within 10 years.)
15 Year Fixed Jumbo
Best Choice If:
You plan on staying in the home long-term.
You need your monthly payments to remain fixed over the life of the loan.
You would like to pay-off the loan balance quickly.
Loan amounts ranging from $726,201. to $1,000,000.
Advantages:
Level principal and interest payments for the full term of the loan.
No risk that changing market conditions will increase your monthly payments.
Disadvantages:
Monthly payments are higher than a 30-year mortgage
15 Year Fixed Super Jumbo
Best Choice If:
You plan on staying in the home long-term.
You need your monthly payments to remain fixed over the life of the loan.
You would like to pay-off the loan balance quickly.
Loan amounts ranging from $1,000,001. and up.
Advantages:
Level principal and interest payments for the full term of the loan.
No risk that changing market conditions will increase your monthly payments.
The loan balance will decrease more rapidly than a 30 Year mortgage.
Disadvantages:
Monthly payments are higher than a 30-year mortgage
10/1 ARM Jumbo 30 Year
Best Choice If:You want a loan with:
Higher available loan amounts
Low initial payments
The benefits of both a Fixed and ARM product.
Loan amounts ranging from $726,201, to $1,000,000.
Advantages:
Interest rate stays fixed for first 10 years. Adjusts annually thereafter
Allows for higher loan amount qualification and enhanced buying power.
Modification to a fixed rate is available after 12 payments are made.
Disadvantages:
Jumbo product interest rates are typically higher than standard ARM products.
Interest rate can rise above the current fixed rates over time.
10/1 ARM SuperJumbo 30 Yr
Best Choice If:You Plan on being in the home for 10 years or less.
Disadvantages:
After the first 10 years the rate will adjust every year.
7/1 ARM Jumbo 30 Year
Best Choice If:You want a loan with:
Higher available loan amounts
Low initial payments
The benefits of both a Fixed and ARM product.
Loan amounts ranging from $726,201. to $1,000,000.
Advantages:
Interest rate stays fixed for first 7 years. Adjusts annually thereafter
Allows for higher loan amount qualification and enhanced buying power.
Modification to a fixed rate is available after 12 payments are made.
Disadvantages:
Interest rate and monthly payments will adjust after year 7.
Interest rate can rise above the current fixed rates over time.
7/1 ARM SuperJumbo 30 Year
Best Choice If:
You currently have a mortgage with AAFCU and the balance ranges from $1,000,001. and up.
You want to take advantage of a lower rate environment
You want to a mortgage program where the rates will adjust with the market
You want to change the loan term or loan program. ie. 3/1ARM to a 7/1 ARM.
Advantages:
Costs are lower than a full refinance
Closing costs can be rolled in
You can close in your home with a notary not in TX
Disadvantages:
You cannot take any cash out or pay off any debts aside from the original mortgage.
0.125% rate adjustment
After the first 7 years the rate will adjust every year.
5/1 Year ARM 30 Year Jumbo
Best Choice If:You want a loan with: .
Very low initial payments
If you plan on staying in the home for 5 years or less and want to keep your payments low.
Your desired loan amount ranges from $726,201. to $1,000,000.
Advantages:
Interest rate stays fixed for first 5 years. Adjusts annually thereafter
Modification to a fixed rate is available after 12 payments are made. Not available on investment properties.
Disadvantages:
Interest rate and monthly payments will adjust in the future.
Interest rate can rise above the current fixed rates over time.
5/1 Year ARM 30 Year Super Jumbo
Best Choice If:You want a loan with:
Very low initial payments
If you plan on staying in the home for 5 years or less and want to keep your payments low.
Your desired loan amount is greater than $1,000,000.
Advantages:
Interest rate stays fixed for first 5 years. Adjusts annually thereafter
Modification to a fixed rate is available after 12 payments are made.
Disadvantages:
Interest rate and monthly payments will adjust in the future.
Interest rate can rise above the current fixed rates over time.
Mortgage Rates
The Loan Consultant feature determines the products and rates that match your needs.
Ready to Start?
To apply for your easy online loan, all you have to do is answer a few simple questions about yourself, your property and your income, debts and assets.
