Anonymous
Post 07/15/2024 08:40     Subject: Getting jumbo mortgage through credit union?

Relationship discount: Big banks will give you a break on mortgage rates based on assets you park with them.
Anonymous
Post 07/15/2024 06:44     Subject: Getting jumbo mortgage through credit union?

What are they quoting you?
Anonymous
Post 07/15/2024 02:51     Subject: Re:Getting jumbo mortgage through credit union?

What is a relationship discount?
Anonymous
Post 07/14/2024 20:33     Subject: Getting jumbo mortgage through credit union?

No disadvantage, and I too have found the CUs to be really competitive on jumbo these days. The one way to do even better is to get a quote from a CU and get a big bank to match it and then apply a relationship discount on top.
Anonymous
Post 07/14/2024 18:06     Subject: Getting jumbo mortgage through credit union?

DH and I qualify for mortgages through several different credit unions (one is for military, which we are not, but we apparently qualify b/c he's a physician; the second is for federal employees). The credit unions seem to be offering the lowest rates for jumbo mortgages. Is there any disadvantage in working with a credit union vs. a different financial provider?

The house is $2 million, and we are putting 20% down. We have decent assets, etc.