Borrow more at a competitive rate
If your loan amount will exceed $424,101, you’ll need a non-conforming loan known as jumbo. Farmington Bank’s Jumbo Loans are available with fixed or adjustable rates, offering maximum flexibility for financing larger home loans.
- Borrow up to $1.5 million.
- Available in 15- or 30-year fixed-rate terms or 30-year terms with initial fixed rate period of 3, 5, 7 or 10 years1.
- Pay your mortgage at any time without pre-payment penalties.
1 Example: For a $500,000 Fixed-rate mortgage for a term of 30 years with a 3.775% APR (Annual Percentage Rate) and 0 points paid, the monthly payment will be $2,315.58 (this payment includes principal and interest only and does not include PMI, taxes, insurance or other applicable escrows. Actual payment obligation will be greater). This Annual Percentage Rate (APR) listed as an example only and does not represent a guaranteed rate. Check our rate page for current rates. Rates are subject to change at any time. Interest Rates and APRs are discounted by 0.25% and require an automatic payment deduction from a personal account at an ACH network institution and are applicable only to loan amounts equal to or less than $1,500,000. For interest rates, APRs and loan terms on specific products use the customized rate quote link. The automatic payment deduction must be maintained for the life of the loan in order to retain the discounted interest rate and APR. The interest rate and APR will increase if the automatic payment deduction is cancelled. Discount does not apply to Government Assisted loans or Home Equity Loans. Offer applies to new or refinance loans only, not valid for current loans. Offer is subject to change without notice and may be withdrawn at any time. All loans are subject to the credit approval process.
2 A prequalification/estimate are guidelines; the estimate is not an application for credit and results do not guarantee loan approval or denial.