Get One of the Lowest Jumbo ARM Home Loans in the Nation!
A Jumbo mortgage from San Francisco Federal Credit Union provides you with low rates for higher valued homes.
A Jumbo mortgage loan can be the perfect choice when you need a loan over the conforming limits, currently between $726,200 and $1,089,300 depending on the county in which the property is located. San Francisco Federal Credit Union offers loans with great rates on mortgages over the conforming limits with loan values up to $3 million.
Benefits of a Jumbo Mortgage Loan
A Jumbo mortgage loan can help you buy your dream home in higher-priced housing markets like the San Francisco Bay area.
Some benefits of our Jumbo mortgage loans include:
Finance up to $3 million: A high-priced housing market doesn’t need to keep you from your dream property. Upon a property appraisal, San Francisco Federal Credit Union will finance amounts up to $3 million.
Buy a primary residence, second home, or investment property: Whether you’re buying to live in the home full-time or only vacation in it, a Jumbo mortgage can make it a reality.
Control how much total interest you’ll pay: Select a 15-year mortgage, and you’ll pay less in total interest. Select a 30-year mortgage, and you’ll pay more in interest, but your monthly payments will be lower. The choice is yours.
I have done 2 HELOC loans with SF Fed CU. They were great to work with: professional, responsive, and thorough. I would recommend them to anyone I am very happy with the process
William F.
5 stars
Recently I was interested in getting a personal loan. [The] digital sales rep @ the Golden Gate branch responded to me promptly and was really helpful. After pre-qualifying me for a loan she helped me determine that a credit card (with a much lower interest rate) was the better option for me. I liked the fact that [she] steered me to an option that may be less income to the SFFedCU but is a better choice for me personally. The whole process from my first contacting the SFFedCU regarding a loan to getting the credit card took only 7 days.
Maria L.
5 stars
The SF Federal Credit Union has been a great banking experience for me. I have been a member for more than 30 years and never had a bad experience.
Madelyn M.
5 stars
Best Bank Ever!!! Staff are so helpful and make you feel like they’ve known you forever. I have never encountered a banking problem or situation that the SFFCU team hasn’t found a way to help solve! I wish there was a branch in San Jose but I’ve only had to travel to my actual branch about 5-6 times in my 25 years of being a member! Online services are so appreciated!
“I joined many years ago…There’s nothing I don’t like about them…It’s like a family. And because they offer an exceptionally new and used vehicle buying program that includes motorboats [and] motorcycles. They are kind and considerate.”
Rosalinda Rodriguez
5 stars
The mortgage team was absolutely fabulous in locking in my rate, directing me to get my documents in a timely fashion, and closing ahead of schedule. They are a great team and I am very happy with my mortgage loan! Special thanks to them for all they do!”
Annette B.
5 stars
Applied for a car loan, Bank Associate was very helpful. Our loan Specialist was on vacation and he took over and processed our loan within a couple of hours. I highly recommend them for their excellent customer service.
5 stars
What a breath of Fresh Air!! Having considerate compassionate individuals that absolutely represent the needs of people. Please join me in a standing ovation for the Bank Associate, who went above and beyond the call of duty using her professional approach to solve the problem. Thank you, Thank you, Thank you!
5 stars
We have been a SFFCU member for over 40+ years and have always received good service from staff, personally and thru phone contact. Most recently, we needed assistance with wiring funds to a title company with the lending institution giving us the “hurry up” mode. We went to the Burlingame Branch and sought out the Branch Manager. My goodness, they helped us tremendously in assisting us with the wiring info that the title company requested in an expeditious manner. They did not leave us hanging. They stayed with us until the title company was completely satisfied. They checked on each step we were going through with the title company and lender. They called and emailed us throughout the afternoon which felt like a week. The entire staff helped us with closing tomorrow. They are very friendly, happy, funny, and finance savvy. Check the Branch Manager out at the Burlingame Branch; you won’t be disappointed.
Rene & Cynthia
Jumbo Mortgage Loan FAQs
Q: What credit score do I need to qualify for a Jumbo mortgage loan?
A: Jumbo mortgages are usually available for borrowers with very good credit, which generally means a FICO score of 680 or higher.
To learn more about the established guidelines for income and other personal financial qualifications, please contact us to speak to one of our knowledgeable mortgage team members at 800-852-7598, extension 2977.
Q: How much is a conforming loan? When do you need a Jumbo loan?
A: The maximum conforming loan amount is $726,200. Super Conforming or High Balance loans cover properties from $726,200 to a maximum of $1,089,300. Then Jumbo loans cover properties over $1,089,300.
Q: Do you offer both a fixed-rate and an adjustable-rate Jumbo mortgage?
A: Yes. You can decide between a fixed or an adjustable-rate Jumbo loan. The decision comes down to how much interest you want to pay on the loan early on and your overall comfort with ambiguity.
A fixed-rate mortgage has an interest rate and monthly payment that never changes. An adjustable-rate mortgage (ARM) has an interest rate that varies based on the Prime Rate, which we mentioned above. The variable interest rate associated with an ARM means the monthly payments for that type of loan change with the changing interest rate.
For information about mortgage loan variables, please contact us to speak to one of our knowledgeable mortgage team members at 800-852-7598, extension 2977.
Mortgage Loan Resources
Manage your next mortgage loan with San Francisco Federal Credit Union’s helpful tools and resources.
Get the Mortgage to Fit Your Needs With San Francisco Federal Credit Union
With the right mortgage, you’ll be one step closer to buying your dream property. Let San Francisco Federal Credit Union help you find the perfect mortgage today.
