Jumbo loans, as indicated by their name, are larger than conventional mortgages and classified as non-conforming. The reason for the distinction, aside from their cost, is their underwriting guidelines. For some jumbo loans, the underwriting process might require getting more than one appraisal to verify the actual value of the property. And the borrower may have to undergo even more financial investigation and submit more paperwork than normal to be approved.
Please contact an MVFCU loan officer for more information, or to request an application to be sent to you via mail or email.
- All rates and terms are subject to change without notice.
- Property must be located in the State of Alaska or Hawaii.
- The primary borrower must be an MVFCU member or able to become an MVFCU member prior to closing of the loan.
- The property must be either a primary residence or a second home.
The application package is in PDF format and can be simply printed and filled in. Once you have completed the packet,
call us at (907) 745-9165 or (907) 694-4891, select option 5, x165 during regular business hours to set up an appointment.
If you have any questions about the loan application package, call us at the above number, we're here to help you!