PSECU: Mortgages Jumbo

Jumbo Mortgage

House for Sale Buying a home is among the most exciting life events you’ll experience. It can also be one of the most stressful, especially finding financing for your dream home. But it doesn’t have to be that way. We want to take the worry out of finding the right mortgage product for you.

Apply Today

If you are already a PSECU member and would like to apply for a mortgage, you can apply online or contact one of our mortgage originators.

Apply Now

To apply for a mortgage or ask related questions by telephone, contact Keith Fox or Bill Helfrich, Mortgage Originators, Monday - Friday from 8 a.m. to 5 p.m.

717.234.8484 - option 6 - extension 3864, Harrisburg
800.237.7328 - option 6 - extension 3864, Nationwide (USA)

PSECU offers the following Jumbo Mortgages of $417,001 up to $1 Million...

Jumbo Fixed Rate Mortgage

Our Jumbo Fixed Rate mortgages offer competitive rates. You decide on the term that is best for you. When you lock in your rate it will be based on the current day's pricing and the information reflected on your application. Your rate is not guaranteed and could be subject to change after complete processing of your loan. Your rate (or points if applicable) may change depending on various factors associated with your loan, such as, but not limited to, loan amount, loan to value, loan purpose and/or property type. You are guaranteed for a period of 45 days to receive a rate that is based on the final factors of your loan and the pricing in effect for loans with those factors the day you locked in your rate.

Call us for current Jumbo rates.

Jumbo 1-Year Adjustable Rate Mortgage

Our Jumbo 1-Year Adjustable Rate mortgages offer a low start rate. Caps are 1/5, which means your interest rate will not adjust more than 1% up or down per year and no more than 5% up or down over the life of the loan.

Call us for today's Jumbo rates.

CAN WE GIVE YOU A MORTGAGE?

Jumbo Eligibility Requirements

Eligible properties must be located in the following states:

Connecticut (CT)
Delaware (DE)
District of Columbia (DC)
Florida (FL)
Georgia (GA)
Maryland (MD)
New Jersey (NJ)

New York (NY)
North Carolina (NC)
Ohio (OH)
Pennsylvania (PA)
South Carolina (SC)
West Virginia (WV)
Virginia (VA)

Maximum possible financing is limited to 80% for properties outside of PA.

The property must be:

1 - 4 unit dwelling with the primary use by the Borrower.
Titled in the name(s) of individual(s). Living Trusts are not acceptable.

A non-refundable application fee must be paid at the time of your application. This fee is used towards the cost of the credit report and appraisal. Additional closing costs due at settlement vary based on the loan type and purpose - contact our Real Estate Department for additional information.

Application Fees

$300 for 1 Year Adjustable Rate Jumbo mortgage
$500 for loan amounts up to $650,000 for Fixed Rate Jumbo mortgage
$1000 for loan amounts over $650,000 and up to $1,000,000 for Fixed Rate Jumbo mortgage

Refinance Transactions

Refinance your existing mortgage to get a lower rate, pay off bills, or go on vacation! The amount you can borrow is based upon the equity you have in your home and the purpose of the loan.
Borrow up to 95% on a Fixed rate mortgage based on the current value of your home to payoff the existing lien against your home if located in PA (certain restrictions apply). Adjustable rate mortgages are limited to 90% of the current value.
Borrow up to 80% as a Cash Out Refinance based on the current value of your home to pay off an existing lien against your home, and take additional equity out to use as cash, to consolidate debts, or any other reason you may have!
Maximum loan to value is based on loan amount.
Maximum possible financing limited to 80% for properties outside of Pennsylvania.

Purchase Transactions

Get pre-approved - Simply supply a completed application along with your income and asset information, we do the rest! Pre-approvals give you 90 days to find the home of your choice. After the sales agreement is received by PSECU, the final approval process can begin. Initial pre-approval application fee $150.
Finance up to 95% on a Fixed-Rate mortgage or 90% on an Adjustable-Rate mortgage for single family owner occupied properties located within Pennsylvania.
Maximum loan to value is based on loan amount.
Maximum possible financing limited to 80% for properties outside of Pennsylvania.

Please Note:
In order to apply for a Loan or Mortgage, you must be a PSECU member and have a $5 minimum balance in your Regular Shares (S01) account.