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Jumbo Loans

Go big and go home

It's no secret that homes in California, and especially the Bay Area, are expensive. In fact, it's one of the spendiest housing markets in the country. So a jumbo loan (a mortgage of $726,526 or more) is more than a luxury, it's a necessity in many cases.


Jumbo loans available up to $3.5 million

We'll explain all your home financing options in detail so you know exactly what your future looks like. Here is what we offer:
  • Fixed and adjustable-rate options available
  • No-Cost ARM1
  • An 80/10/10 loan that lets you avoid PMI2
  • 40-year ARMs available2
  • Close in as few as 21 days

Down payment options

Our mortgage experts will take the time to understand your unique situation and find the financing options that best fit your needs. If you are buying a home, you'll have access to low down payment options on jumbo loans:
  • As low as 5% down up to $1 million3
  • As low as 10% down up to $1.5 million
  • As low as 25% down up to $3.5 million

Ready to talk about refinancing or buying that new home?

Call Email
(650) 363-1799 (Option #1) reloanofficers@smcu.org

All mortgage loans through San Mateo Credit Union are for homes in California only. Adequate property insurance required for the life of the loan. Flood insurance may be required. All loans are subject to credit approval. Please speak with a Real Estate Representative for current rates and information on loan limits as additional conditions and restrictions may apply. San Mateo Credit Union NMLS #416747.

1. The no-cost adjustable-rate mortgage covers all non-recurring closing costs, is available on 30-year ARM terms only, and requires a minimum loan amount of $200,000.
2. The 80/10/10 and 40-year terms on ARMs available for purchase mortgages only; no refinances.
3. 5% down on loan amounts up to $1 million does not apply on our 3/1 ARM Jumbo or 40 Year Amortization Products.

No-Cost ARM
Eliminate costs and maximize your purchasing power.
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