In most of the country, a loan is considered jumbo if it exceeds $766,550. In areas deemed “high cost” by the Federal Housing Finance Agency, however, the limit can be as much as $1,149,825. This means that if you wanted to buy a home with a sales price of $1,000,000 and put 20% down, you’d need to take out a jumbo loan to finance the rest.
A Chevron Federal Credit Union jumbo loan can help you purchase a house that’s above the maximum limit allowed for conforming home loans by other lenders, such as Fannie Mae and Freddie Mac. Financing is available for owner-occupied, non-owner occupied second homes, multi-family units, and PUDs.
Still have questions?
Our Mortgage Loan Officers are here to help you every step of the way. Please call our Home Loan Help
Desk at 888-334-5120. For those outside the U.S., call 510-627-5120.
To check your pending application status, simply log in to your existing application.
To check your pending application status, simply log in to your existing application.
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