Jumbo Home Loan Rates as Low As
APR Effective 4/24/2025*
6.714
%
APR
Jumbo 30-Year Fixed
*See important information about rates, fees and other costs
When your potential new home requires a larger-than-usual loan amount, consider a jumbo loan to increase your purchasing power. Secure your dream home and get up to $3 million on a primary or second home purchase with flexible down payment options.
Features & Benefits
- For loan amounts over $806,500, get up to $3 million on primary and second homes.
- Flexible down payment options to fit your unique financial circumstances, including 5% down on loan amounts up to $1.25 million and 10% down on loan amounts up to $1.5 million for a primary residence, owner-occupied purchase.2
- No origination fee on most loans, which significantly reduces closing costs.
- Fixed-rate and adjustable-rate (ARM) options available.
- Easy, low-cost loan modification process if rates drop.3
BECU Jumbo Loan Programs
Why Choose This
- You need to qualify for the largest loan possible.
- Pro: Fixed rate of interest.
- Con: You could end up paying more in interest charges over the life of the loan.
- You plan on staying in the home long-term.
- Pro: Level principal and interest payments for the full term of the loan.
- Con: Benefits of the fixed rate are not realized until after the seventh year (A 7-Year Jumbo ARM is a better option if loan is paid off within seven years).
- You think interest rates will increase.
- Pro: No risk that changing market conditions will increase your monthly payments.
- Con: Interest rates on jumbo fixed rate loans are typically higher than conforming fixed rate loans.
- You don't expect your income to increase significantly over the coming years.
Why Choose This
- You need to qualify for the largest loan possible.
- Pro: Save significant amount of money in interest payments.
- Con: Your monthly payment will be significantly higher than with a 30-year mortgage.
- You plan on staying in the home long-term.
- Pro: Level principal and interest payments for the full term of the loan.
- Con: Benefits of the fixed rate are not realized until after the seventh year (A 7-Year Jumbo ARM is a better option if loan is paid off within seven years).
- You think interest rates will increase.
- Pro: No risk that changing market conditions will increase your monthly payments.
- Con: Interest rates on jumbo fixed rate loans are typically higher than conforming fixed rate loans.
- You don't expect your income to increase significantly over the coming years.
Why Choose This
- You want a longer initial fixed period than the 3-Year ARM.
- Pro: Initial fixed interest rate for five full years; rate adjusts every six months thereafter.
- Con: It's riskier if you don't expect your income to increase over the initial five-year period to cover the change in monthly payment.
- To keep your payments low.
- Pro: Allows for higher loan amount qualification and enhanced buying power.
- Pro: To maximize the amount of loan you qualify for.
- Con: Conversion to fixed rate is not available.
- You plan to stay in the home for less than five years.
- Pro: Stability of a fixed monthly payment for the first five years of the loan.
- Pro: The loan is assumable, with lender approval.
Why Choose This
- You want a longer initial fixed period than the 5-Year ARM.
- Pro: Initial fixed interest rate for seven full years; rate adjusts every six months thereafter.
- Con: Interest rate can increase after the first seven years.
- To keep your payments low.
- Pro: Allows for higher loan amount qualification and enhanced buying power.
- Con: Conversion to fixed rate is not available.
- You plan to stay in the home for less than seven years.
- Pro: Stability of a fixed monthly payment for the first seven years of the loan.
- Pro: The loan is assumable, with lender approval.
Why Choose This
- You want a longer initial fixed period than the 7 Year ARM.
- Pro: Initial fixed interest rate for 10 full years; rate adjusts every six months thereafter.
- Con: Interest rate can increase dramatically after the first 10 years.
- To keep your payments low.
- Pro: Allows for higher loan amount qualification and enhanced buying power.
- Con: Conversion to fixed rate is not available.
- To maximize the amount of loan you qualify for.
- Pro: The loan is assumable, with lender approval.
- You plan to stay in the home for less than 10 years.
- You want the stability of a fixed monthly payment for the first 10 years of the loan.
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Loans are subject to credit approval and other underwriting criteria, and not everybody will qualify. Certain restrictions apply. Home loan programs, terms and conditions are subject to change without notification. Boeing Employees' Credit Union NMLS ID 490518.
2LTV up to 95% for purchase loan amounts up to $1,250,000; 90% LTV up to $1,500,000; 80% LTV up to $2,500,000; and 75% up to $3,000,000 for primary residence, owner-occupied purchase. 90% up to $1,000,000; 80% up to $1,500,000; and 75% up to $2,000,000 for second homes.
3Jumbo loan rates for ARMs may only be modified during the fixed-rate period. To qualify for a mortgage loan modification the loan must be an existing BECU mortgage portfolio loan with 12-months of on-time payments, LTV at 80% or below at loan origination or private mortgage insurance (PMI) removal is completed, and other loan and property requirements, all of which are not listed here.