Jumbo Loan

A Jumbo Loan lets you borrow over $806,500 so you can find your ideal home in a higher price range.

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View Mortgage Rates

Buy Bigger or Better

Shop for homes with a higher sales price or buy a home in a nicer neighborhood.

Choice of ARM Terms

Choose an adjustable-rate mortgage term to match your budget and get a lower starting rate.

Lock Your Rate for 90 Days

Get pre-approved and we'll lock your interest rate until you close on your home.

Easily Apply With Low Fees

Our loan application process is simple and our origination fee is only $750.

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What to Know About WEOKIE Jumbo Loans

A Jumbo Loan lets you purchase a home in a higher price range than the typical homebuyer. This means you can buy a bigger home for an expanding family or afford to buy in more expensive and desirable neighborhoods around Oklahoma.

Borrow more than $806,500 for purchase or refinance.
Check rates with our loan consultant feature.
Choose a Jumbo Adjustable-Rate Mortgage (ARM) term to suit your goals.
For example, 5/5 is fixed for 5 years and then adjusts every 5 years over a 30-year term*.
When rates adjust, they may go up or down with the markets.
ARM rates at the start of your term are usually lower than for comparable fixed-rate loans.
Our Jumbo Loan origination fee is only $750.

Plus, you can enjoy local servicing and expert guidance when you choose WEOKIE as your lender!

"WEOKIE was absolutely amazing during the home buying process. Not only did they find a great program I was eligible for, they helped with buying a home that worked perfect for our family. They made the process easy from start to finish, answered all questions in a timely manner, and went above and beyond for us. Our loan officer was amazing and worked with our schedule and did her best to accommodate us. I highly recommend WEOKIE to anyone needing a home loan. They made the process easy and stress-free!"

Brooklyn Brisendine

FAQs

A Jumbo Loan lets you borrow over $806,500, which is the limit for funding criteria set by the Federal Housing Finance Agency (FHFA). A jumbo mortgage is known as a non-conforming loan because it exceeds the FHFA conforming loan limit.

Non-conforming loans are still considered to be conventional loans because they're not backed by the federal government, like an FHA loan or VA loan. However, non-conforming loans can't be sold to Fannie Mae and Freddie Mac, which are the largest mortgage buyers in the U.S.

Instead, WEOKIE will continue to service your loan through your entire loan term! To qualify for our Jumbo Loan program, you usually need to meet stricter criteria than for conforming loans:

You may need higher credit scores than usual.
You may need a lower debt-to-income ratio than usual.
You may need to have higher cash reserves to show you will always be able to meet the higher monthly payment amount.
Jumbo loan limits may be based on your unique financial picture.

We want to ensure that our members have the best opportunity to make informed decisions, and the mortgage lending experts with WEOKIE are always available to guide you through the process.

A Jumbo Loan means you are borrowing more so you want to save as much interest as possible. An ARM loan offers several advantages over a fixed-rate loan:

An ARM offers the lowest starting rates available compared to a fixed-rate home loan for a similar amount and term.
You get a fixed rate for the first period of your loan so you can easily plan for the payment requirements.
There are caps on how much your rate can change the first time it adjusts, each time after that, and in total over the life of your loan.
If market rates come down in the future, your rate and the monthly payment may drop at the next adjustment, potentially saving you the expense of a costly mortgage refinance.
An ARM is also a great choice if you plan to move or sell soon.

WEOKIE offers a range of Jumbo ARM terms and we can work with you to find the best solution for your financial picture:

5/5 30-Year: Your rate is fixed for 5 years and then adjusts every 5 years over a 30-year term.
10/10 20-Year: Your rate is fixed for 10 years and then adjusts every 10 years over a 20-year term.
15/15 30-Year: Your rate is fixed for 15 years and then adjusts every 15 years over a 30-year term.

Note that 5/5 ARMS generally offer lower rates than 15/15 ARMs.

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12-Month 3.75% APY*

Jumbo Loan

Benefits of a WEOKIE Jumbo Loan

Buy Bigger or Better

Choice of ARM Terms

Lock Your Rate for 90 Days

Easily Apply With Low Fees

What to Know About WEOKIE Jumbo Loans

Our Simple Jumbo Loan Mortgage Application Process

Need help or advice?

Connect Online

Call Us Today

WEOKIE is proud to provide services through our trusted partners.

Disclosures

First Rate Title Company

MemberHaven Insurance Agency

FAQs

Jumbo Loan

Benefits of a WEOKIE Jumbo Loan

Buy Bigger or Better

Choice of ARM Terms

Lock Your Rate for 90 Days

Easily Apply With Low Fees

Our Simple Jumbo Loan Mortgage Application Process

Need help or advice?

Connect Online

Call Us Today

Disclosures

First Rate Title Company

MemberHaven Insurance Agency

FAQs

What is a Jumbo Loan?

Why are WEOKIE Jumbo Loans offered as adjustable-rate mortgages (ARMs)?

What Jumbo Loan options are available?