Jumbo Mortgage

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Learn More About Jumbo Mortgages by United Teletech Financial

United Teletech Financial is here to help you make your dream home a reality, regardless of the cost. Our jumbo mortgages are a great fit for many homebuyers who wish to purchase a home above traditional mortgage loan price limits.

What Is a Jumbo Mortgage?

A jumbo mortgage is used for homebuyers looking to purchase larger homes for larger amounts. Typically, these homes cost more than the limits for a conventional or traditional mortgage.

According to the Federal Housing Finance Agency, single-family homes that exceed $548,250 will require a jumbo mortgage in most of the US. In Monmouth County, the current threshold is $822,375 for single-family homes.*

Who Benefits the Most From a Jumbo Mortgage?

If you wish to purchase a luxury home, you’ll probably require a jumbo mortgage. Yet, jumbo mortgages aren’t just for purchasing these types of homes. In our area, home prices tend to be above average for all single-family homes.

When considering a traditional mortgage versus a jumbo mortgage, many differences lie in the loan requirements. For example, the loan may require a higher credit score or a larger down payment, depending on the size of the mortgage. Your mortgage officer can help you decide if a jumbo mortgage is right for you.

United Teletech Financial: Lower Fees, Better Rates & Superior Service

Our members choose us because of our many benefits. As a not-for-profit financial institution, all the money we earn goes back into the credit union in the form of lower fees and better mortgage rates. Plus, as a member of UTF, you’ll have access to:

  • Certified financial counselors: Our certified financial counselors are here to help you create a budget, pay down your debt and support you through the homebuying process. These counselors are available at no additional cost to you.
  • Financial products to help you reach your goals: As a full-service financial institution, we offer the products you need to reach all of your financial goals. This includes checking accounts, savings accounts, auto loans, personal loans, home equity loans, and credit cards.
  • Local branches and ATMs: We serve those who live, work, worship and attend school throughout Monmouth, Ocean and parts of Middlesex County. To do so, we offer four convenient banking branches as well as locations on the AT&T campus and the IFF campus for employee use. You’ll find ATMs at each of these locations.

Learn More About Your Mortgage With Our Calculators

Want to explore your mortgage options? Have questions about how much of a mortgage you can afford? Although you can call us at any time, we offer online mortgage calculators for additional support.

View Calculators

Apply for Your Jumbo Mortgage Loan Today

United Teletech Financial is here to help you purchase your new home, regardless of price. If you’re ready to get started, apply online today or give our mortgage team a call at 866-462-5532 for more information.


*These figures are accurate as of March 1st, 2021. Please contact a mortgage officer to confirm limits.

Available to qualified borrowers. Other restrictions apply. Jumbo Mortgages are subject to credit and property approval. Rates, program terms and conditions are subject to change without notice. Other restrictions and limitations apply.