Jumbo Fixed Rate Mortgages in RI, MA, & CT

Yes! We offer Jumbo Mortgages! We loan up to $2.5 Million.

  • Up to one million dollars at our standard pricing
  • More funds available
  • Opportunity to own more land
  • Purchase a larger home
  • Consolidate home financing
  • Finance multi-family investment properties
  • Enjoy local decisions and superior service

Providing Southern New England with Jumbo Fixed Rate Mortgages

15-Year Jumbo Mortgage Rates

A Jumbo Mortgage home loan with a repayment term of 15 years and an interest rate that remains the same throughout the life of the loan. Build equity in your home faster and have a shorter time frame for repayment.

  • Fixed interest rate
  • Fixed payment amount
  • 15-year loan

20-Year Jumbo Mortgage Rates

A Jumbo Mortgage home loan with a repayment term of 20 years and an interest rate that remains the same throughout the life of the loan. 

  • Fixed interest rate
  • Fixed payment amount
  • 20-year loan

30-Year Jumbo Mortgage Rates

A Jumbo Mortgage home loan with a repayment term of 30 years and an interest rate that remains the same throughout the life of the loan. A 30-year fixed-rate mortgage allows for a more affordable monthly payment.

  • Fixed interest rate
  • Fixed payment amount
  • 30-year loan

Fixed-Rate Jumbo Mortgages

ProductInterest RatePointsAPR*Monthly Payments
Per $1,000
Apply
15 Year Fixed Rate*6.75%06.87%$8.85*Apply Now
20 Year Fixed Rate*6.75%06.84%$7.60**Apply Now
30 Year Fixed Rate*7.00%07.08%$6.65**Apply Now

Frequently Asked Questions

Typically, the Mortgage process takes from 45 to 60 days for purchase and refinance loans.  The closing date on a purchase transaction is dictated by the purchase and sale agreement. 

First and foremost People’s does not collect any fees for you to apply.   Closing costs vary depending on the type of mortgage and the amount of the mortgage you apply for, and will vary based on your situation.   Fees are broken down into categories. For example, fees may be charged by outside venders for the Credit Report, Appraisal, Attorney Fee, Tax Service, or a Flood Certificate. There are also fees collected by the town such as recording fees and taxes.  The only fees collected by People’s Credit Union are for underwriting the loan.

People’s Credit Union offers a full range of fixed and variable interest Mortgage Loans. Please visit our Mortgage page to learn more about our products and meet our Mortgage Lenders..

When you apply for a mortgage we must verify every statement made on the application relative to your income, debts, bank accounts, properties owned.  We have a team of knowledgeable mortgage professionals that will help you every step of the way.

We do sell and underwrite to secondary market (Fannie Mae) guidelines. However, we will service your loans, so you will always pay your mortgage directly to us.