COVID-19 Update - 06/25/20 - WE'RE REOPENING OUR LOBBY! - As of Mon, June 29, 2020, HCU will be reopening the Holyoke and Feeding Hills lobbies to limited traffic (Holyoke - 5 members & Feeding Hills - 3 members at any time). Masks will be required and social distancing will be practiced. HCU's hours will remain the same, M - F 9am - 4pm, Sat. 9am - 12pm. The West Springfield branch will remain closed until further notice. If you wish to meet with a Member Service Representative, please call for an appointment. For Holyoke, call Sharon Carter at 413-341-0133. For Feeding Hills, call either Marjorie Letasz or Beth Cook at 413-278-6840. We thank you for your understanding while we implement this "new normal"!

Jumbo Mortgage

A jumbo mortgage is one that exceeds the conventional mortgage borrowing limits and is designed for those who want to finance larger, more expensive properties and can handle higher monthly payments. Currently, a jumbo mortgage is a purchase or refinance loan that exceeds $424,100 for a single-family home. It is also referred to as a nonconforming loan because it does not conform to the loan limits set by FannieMae or Freddie Mac. Holyoke Credit Union jumbo financing options include fixed-rate and adjustable-rate mortgages, with a range of terms to accommodate immediate and long-range financial plans.

Benefits:

  • Larger loan amounts to purchase more expensive homes
  • Loan amounts as high as $1,000,000 and down payments as low as 10%
  • For high-end purchases of primary, secondary, or vacation homes