CU Promotes Jumbo Mortgages

Published September 10, 2007, 1:00 a.m. EDT

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Updated August 27, 2020, 1:40 a.m. EDT

1 Min Read

GERMANTOWN, Md. - The $200-million Mid-Atlantic FCU has issued a statement reinforcing that it not only continues to offer mortgage financing, it is doing jumbo loans at a time others are pulling back. The credit union noted that many members have no choice but to get a jumbo (loans of more than $417,000), as that is the standard price range for a home in its Montgomery County, Md. market. Mid-Atlantic has been in the mortgage business since 1994, and said it has worked to create a niche in the market as a lender without "junk fees."

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