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Jumbo Mortgages

Jumbo Mortgages are a great solution if you are in need of a loan which exceeds the conforming loan amount. The Federal Housing Finance Agency approves the conforming loan limit annually.

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Mortgage options for your dream home at rates you can afford.

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Make Your Move with a Jumbo Loan

Jumbo loan amounts are those that exceed the conforming loan limit and are available on primary, single family, detached residences. This could be for the purchase or refinance of your home.

  • Exceeding the conforming loan limit:  Available on primary or second homes.
  • Competitive Interest Rates: Our interest rates meet or exceed other local Dane County institutions.

Jumbo loans save you from having to come up with a large down payment on a higher-cost home or have a first and a second mortgage.

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Current Mortgage Rates

Comparison table of Mortgage Options
Product/Term Interest Rate APR* Learn More
30 Year Fixed Rate 6.750% 6.832% Learn More
The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $150,000 and an estimated property value of $250,000. The property is located in WI and is within Dane county. The property is an existing single family home and will be used as a primary residence. The rate lock period is 45 days and the assumed credit score is 740.

At a 6.750% interest rate, the APR for this loan type is 6.832%. The payment schedule would be:

  • 359 payments of $972.90 at an interest rate of 6.750%
  • 1 payment of $971.91 at an interest rate of 6.750%

If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.

15 Year Fixed Rate 6.125% 6.256% Learn More
The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $150,000 and an estimated property value of $250,000. The property is located in WI and is within Dane county. The property is an existing single family home and will be used as a primary residence. The rate lock period is 45 days and the assumed credit score is 740.

At a 6.125% interest rate, the APR for this loan type is 6.256%. The payment schedule would be:

  • 179 payments of $1,275.94 at an interest rate of 6.125%
  • 1 payment of $1,275.54 at an interest rate of 6.125%

If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.

Residential 5/1 Portfolio T-Bill ARM 6.875% 7.252% Learn More
The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $150,000 and an estimated property value of $250,000. The property is located in WI and is within Dane county. The property is an existing single family home and will be used as a primary residence. The rate lock period is 0 days and the assumed credit score is 740.

At a 6.875% initial interest rate, the APR for this loan type is 7.252%, subject to increase. Based on current market conditions, the payment schedule would be:

  • 60 payments of $985.39 at an interest rate of 6.875%
  • 299 payments of $1,030.59 at an interest rate of 7.375%
  • 1 payment of $1,031.72 at an interest rate of 7.375%

If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.

Residential 7/1 Portfolio T-Bill ARM 7.250% 7.392% Learn More
The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $150,000 and an estimated property value of $250,000. The property is located in WI and is within Dane county. The property is an existing single family home and will be used as a primary residence. The rate lock period is 0 days and the assumed credit score is 740.

At a 7.250% initial interest rate, the APR for this loan type is 7.392%, subject to increase. Based on current market conditions, the payment schedule would be:

  • 84 payments of $1,023.26 at an interest rate of 7.250%
  • 275 payments of $1,034.09 at an interest rate of 7.375%
  • 1 payment of $1,034.44 at an interest rate of 7.375%

If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.

Mortgage Lending Team

Our experienced mortgage lenders will walk you through each step of the process. Contact us to learn more about Residential Lending.

Cori Femrite
Cori Femrite Assistant Vice President/Mortgage Lending 608-836-4109 Email Cori NMLS ID: 594085
Amy Gile-Enge
Amy Gile-Enge Senior Vice President/Mortgage Lending 608-836-4307 Email Amy NMLS ID: 586017
Brendon O'Shea
Brendon O'Shea Mortgage Loan Originator 608-836-4322 Email Brendon NMLS ID: 761031

Get in Touch

If you’re looking for more information including current rates, or to start the application process, fill out the form below and one of our expert mortgage lenders will be in touch soon.

 

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