Jumbo Mortgage Loans

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A Large Home Calls for a Unique Loan

A Jumbo mortgage is for those looking to purchase a single-family home greater than $484,350. Get our traditionally great rates and flexibility for this non-traditional loan.

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  • 15, 20, and 30-year fixed rate terms1
  • Adjustable-rate options available2
  • Available for new purchases and refinances
Mortgage Calculator

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Use our calculator to make sure your new payment will fit into your budget. Enter the price of your home, the size of your down payment, your term, and interest rate and we’ll tell you how much you’ll pay on interest and principle.

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Welcome Home, the Workers Way

Let a Workers Wayᵀᴹ financial coach help you create a personalized step-by-step plan to open the door to homeownership.

Convenient Online Payments

Pay your loan anytime from your online banking account or through the mobile app.4

Homeowner's Insurance

Workers Insurance Agency provides customizable coverage with flexible payment options.5

Jumbo Fixed Mortgage

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Term
30 Years

1Subject to credit underwriting and approval. Loan amount may vary based upon credit approval. Visit our rates page for all available rates and terms. Rates effective as of 8/18/2021 and subject to change at any time. Offers may be withdrawn at any time. Workers Federal Credit Union membership required. Annual Percentage Rate=APR. 

2All Annual Percentage Rates (APRs) are based on $495,000 loan to purchase a single-family primary residence at an 75% Loan-To-Value (LTV) and a FICO Score of 740 or greater unless otherwise noted. Jumbo mortgage limits: single-family, $2,000,000 at 80% LTV. Lesser loan limits apply on LTVs greater than 80%. The Annual Percentage Rate (APR) on a Jumbo mortgage is as low as 3.016% APR for 30 Years. The monthly payment per $1,000 borrowed is $4.22. Taxes and insurance not included. Actual payment obligation may be greater. Required down payment as low as 5%.

3Adjustable Rate Mortgage (ARM): To be used for purchase or refinance of 1-4 family, owner-occupied properties in Massachusetts only. 5/1 ARM available single-family owner-occupied property in Massachusetts. 7/1 and 10/1 ARM rates are also available for construction loans. Rates on ARMS may increase after closing at applicable adjustment term. Upon rate conversion to variable, the rate caps at 2% per adjustment and 6% over the lifetime of the loan. To get the new rate after the fixed period we use a variable number called “the index” which is a one-year Treasury Bill (T-Bill) and add “the margin”, which is 2.75%. Maximum loan amount of $2,000,000 at an 80% loan-to-value (LTV). The Annual Percentage Rate (APR) on an ARM is as low as 2.912% APR for 5/1 ARM - 30 Years. The monthly payment per $1,000 borrowed is $4.08. Taxes and insurance not included. Actual payment obligation may be greater. Required down payment as low as 5%.

4Text, data, and messaging rates apply for downloading/utilizing the app and text alerts.

5Coverage varies by carrier. Products offered by Workers Insurance Agency and Affiliated Companies. Coverage is subject to eligibility and availability. Other terms, conditions, and exclusions may apply. Insurance products available through Workers Insurance Agency, a non-credit union subsidiary of Workers Credit Union are: NOT A DEPOSIT NOT NCUA-INSURED, NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY, NOT GUARANTEED BY THE CREDIT UNION, OR AFFILIATES MAY LOSE VALUE.