• 30-Year Fixed Jumbo Mortgage


    30-Year Fixed Jumbo Mortgage

    Rate Points APR
    3.875% 0.000 3.968%
    3.750% 1.000 3.925%
    Payment example of loan with -- points

    If you need additional cash to offset closing costs, or would like to obtain a lower rate with a buy down opportunity, please check rates to find the best scenario to meet your needs. PenFed offers Premium Pricing options not displayed and will work with you to create a customized mortgage solution.

    • Jumbo loans are available for loans greater than $636,150 up to $2 million
    • For home purchases or refinancing
    • Available on primary residences and 2nd homes
    • Long-term, stable payments
    • Free 60-day rate lock* 
    • This mortgage can be eligible for the PenFed Real Estate Rewards Program. When you use a network real estate agents and our preferred title providers to buy your next home using certain types of mortgages, you could save up to $10,000 in closing costs or thousands of dollars on origination fees.
    Enjoy Stable Mortgage Payments on a Larger Home

    If you’re considering purchasing a larger or more expensive home, knowing that you have your payments locked-in for the long term can give you some security in your financial planning. A 30-Year Fixed Jumbo Mortgage may be the perfect choice in this scenario.

    The 30-Year Fixed Jumbo Mortgage is similar to a regular 30-year fixed loan with stable mortgage payments for the life of the loan. The jumbo also allows you to borrow more than the normal limit of $636,150 (in most counties). That can make a bigger home, or one in a more expensive neighborhood, a more realistic option.

    Jumbo loans have stricter qualifying criteria, but if you are looking to keep your payments the same while still purchasing the house of your dreams, this can be a perfect choice.


    Investment properties not eligible for offers. 

    All Fixed Rate Mortgage Programs: The application of additional loan level pricing adjustments will be determined by various loan attributes to include but not limited to the loan-to-value (LTV) ratio, credit score, transaction type, property type, product type, occupancy, and subordinate financing.

    NOTE: A 1% origination fee applies to this loan. Points are the responsibility of the borrower and not covered in promotions.

    *For purchase applications, please submit a copy of your fully signed ratified purchase agreement to lockrate@penfed.org in a timely manner to ensure PenFed can meet your closing date.

    The applicant is responsible for the following fees and costs at the time of closing: Origination fee, appraisal fee, tax service fee, CLO access fee, title fees, transfer tax fees, credit report fee, flood cert fee, recording fee, survey if required and work verification fee, escrow reserves and interest due until first payment. Other costs may be included due to program specific circumstances. This is not intended to be an all-inclusive list.

    Escrows will only be waived if LTV is 80% or less in all states.

    Additional reserve requirements may apply.

    If you withdraw an application and then reapply within 90 days from the date the application was withdrawn, the new application is subject to the previous application’s rate lock policy.

    Jumbo Mortgages: For loan amounts above $424,100 to $2,000,000. The maximum loan-to-value (LTV) is 80% and the maximum combined loan-to-value (CLTV) is 90%. The maximum LTV and CLTV for condominiums is 80%.

    All above disclosures apply to non-Veteran’s Administration (VA) loans. VA loans have different guidelines and eligibility requirements.

    All rates and offers are in effect as of June 2017, offered for a limited time and subject to change without notice. Other restrictions may apply. Contact your PenFed mortgage consultant for any applicable restrictions and details about your loan. To receive any advertised product you must become a member of PenFed by opening a share (savings) account. Federally insured by the NCUA.

    We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.