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Marquette Bank - Love where you bank

buying your dream home - 
SIMPLIFIED.

Jumbo Loan Rates Near Historic Lows

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Jumbo Financing Made Simple

With jumbo loan rates near historic lows, now could be a great time to upgrade to a home with more amenities, luxury or square feet for your growing family. Our experienced mortgage specialists can help you find the right jumbo mortgage simply – so you can focus on enjoying your new home.

As a trusted lender to our community for more than 70 years, we pride ourselves on our personalized service, exceptional rates and unique benefits:

  • Free Mortgage Consultation

  • Friendly, Responsive Mortgage Specialists

  • Free
    Pre-Qualification

  • Online Application and Digital Documentation

With You Every Step of the Way

Choosing the right mortgage is an important decision. Don’t worry. Our experienced mortgage specialists can help you navigate the whole financing process. Here’s how it works:

Get Pre-Qualified

We’ll look at your current income, assets and debt to give you an estimated mortgage amount and terms. Pre-qualification makes it easier to find the right home for your budget while showing sellers that you’re a serious buyer. No credit check is required for pre-qualification, and the process usually happens within 24 hours.

To start your free pre-qualification right over the phone, contact us today.

Start Your Application

When you and your real estate agent place an offer on a home – and the seller accepts your offer – it’s time to get moving on your application. You and your mortgage specialist will lock in the rate and term for your jumbo loan, and we’ll arrange an appraisal for the home.

Finalize Your Mortgage

We will ask for important documents to help us complete the underwriting process. These include pay stubs, employment records, tax returns and bank statements. Also, you will need to review and sign some documents related to your mortgage, either electronically or on paper (whichever you prefer). For faster processing, be sure to complete and return these documents in a timely manner.

Buy Your Home

Once your mortgage is approved, we’ll work with you, your real estate agent and the seller to set up a closing date. At the closing, your Marquette mortgage specialist will be there to help you complete the final mortgage documents and congratulate you on your new home!

What is a Jumbo Loan?

A jumbo home loan is a mortgage that is larger than the conforming loan limit set by Fannie Mae and Freddie Mac. Here in Illinois, a jumbo loan is needed for single-family financing above $484,350.

For those who qualify, a jumbo mortgage loan can make it easier to:

  • Buy a larger home, luxury property or home in a high-priced market
  • Choose from a wider selection
  • Use a single mortgage for the entire purchase

70+ Years

We’ve Been Helping Residents of Chicagoland Buy Homes Since 1945

Full Range of Mortgage Options

We offer a full range of jumbo fixed-rate and adjustable-rate mortgage options with terms from 10 to 30 years.

Fixed-Rate Mortgages

Come with predictable monthly payments and an interest rate that’s locked in for the life of the loan.

Adjustable-Rate Mortgages

Provide a lower fixed rate for a set number of years before switching to a variable rate for the remainder of the term.

Construction Loans

Build your dream home from the ground up. Our new construction loan offers the flexibility you need and a 270-day rate lock.

Home Buyer FAQs

When we review your jumbo mortgage application, we will look at factors such as:

Credit score. Your credit score reflects your payment history, how long you’ve had credit, how much you’ve borrowed in the past and other factors. A higher credit score is essential for jumbo loan borrowers.

Debt-to-income ratio. This is based on how your monthly expenses (such as rent, credit card bills and loans) compare to your gross monthly income. A low debt-to-income ratio is especially important for jumbo loan borrowers.

Down payment. Jumbo loans require a larger upfront payment compared to other loan types. The size of your down payment may also affect your interest rate.

Employment history. Underwriters will consider your employment or other source of steady income to ensure you can manage monthly payments.

We offer a wide variety of conventional and jumbo loan options, with repayment terms and rate structures to support many different goals. Contact one of our mortgage specialists for our current jumbo mortgage rates, including our popluar 30-year fixed jumbo mortgage rates. Our team is happy to discuss your needs and help you determine which loan is the best fit.

Your rate is determined by today’s jumbo mortgage rates and current pricing in the housing market, as well as factors such as your credit score, down payment, loan type and where the property is located.

Contact us today and one of our friendly mortgage specialists will call you soon to discuss your home buying goals. We can even arrange your free pre-qualification right over the phone.