Jumbo Loans

Jumbo loans are for borrowers buying larger homes who need to finance more than $417,000. They usually require a 20% down payment and a higher credit quality. They typically have different underwriting guidelines and slightly higher interest rates than conventional loans. However, they are a solution for customers who need to borrow a larger dollar amount to get their dream home. 

At Bank SNB, we offer both fixed-rate and adjustable-rate jumbo loan options, with terms of either 15 years or 30 years. Our experienced mortgage loan experts can assist you in finding the right financing options and terms to fit your financial needs, and help take the complexity out of the loan process.

Explore our helpful resources to answer many of your mortgage questions, or talk with one of our loan officers to determine the mortgage that’s right for you.

The interest rates, annual percentage rates and points shown below are subject to change without notice.

Conventional Financing

A fixed rate mortgage provides you with the security of a monthly payment that doesn't change. Fixed rate loans are one of the most popular loan options today. By choosing a 30 year fixed rate loan, you will have the lowest monthly payment of all the fixed rate loans we offer.

30 Year Fixed Rate

Projected Payment Schedule

The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $150,000 and an estimated property value of $200,000. The property is located in OK and is within Oklahoma county. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account is required. The rate lock period is 30 days and the assumed credit score is 740.

At a 3.875% interest rate, the APR for this loan type is 3.909%. The payment schedule would be:

  • 359 payments of $705.36 at an interest rate of 3.875%
  • 1 payment of $703.88 at an interest rate of 3.875%

If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.

Rate APR Pts
3.875% 3.909% 0%
A fixed rate mortgage provides you with the security of a monthly payment that doesn't change. Fixed rate loans are one of the most popular loan options today. Choose a 15 year fixed rate loan if you're comfortable with a higher payment and you will have the benefit of substantial interest savings.

15 Year Fixed Rate

Projected Payment Schedule

The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $150,000 and an estimated property value of $200,000. The property is located in OK and is within Oklahoma county. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account is required. The rate lock period is 30 days and the assumed credit score is 740.

At a 3.125% interest rate, the APR for this loan type is 3.185%. The payment schedule would be:

  • 179 payments of $1,044.91 at an interest rate of 3.125%
  • 1 payment of $1,045.66 at an interest rate of 3.125%

If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.

Rate APR Pts
3.125% 3.185% 0%

7 Year Adjustable Rate

Projected Payment Schedule

The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $150,000 and an estimated property value of $200,000. The property is located in OK and is within Oklahoma county. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account is required. The rate lock period is 30 days and the assumed credit score is 740.

At a 3.250% initial interest rate, the APR for this loan type is 3.081%, subject to increase. Based on current market conditions, the payment schedule would be:

  • 84 payments of $652.81 at an interest rate of 3.250%
  • 275 payments of $628.36 at an interest rate of 2.875%
  • 1 payment of $628.82 at an interest rate of 2.875%

If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.

Rate APR Pts
3.25% 3.081% 0%

FHA Financing

FHA mortgages are designed to provide low down payment financing and are a great option to consider if you are trying to finance a new home with as little cash as possible. A fixed rate mortgage provides the security of a monthly payment that won't change.

FHA 30 Year Fixed Rate

Projected Payment Schedule

The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $98,188 and an estimated property value of $100,000. The property is located in OK and is within Oklahoma county. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account is required. The rate lock period is 30 days and the assumed credit score is 740.

At a 3.750% interest rate, the APR for this loan type is 4.793%. The payment schedule would be:

  • 12 payments of $522.50 at an interest rate of 3.750%
  • 12 payments of $521.22 at an interest rate of 3.750%
  • 12 payments of $519.90 at an interest rate of 3.750%
  • 12 payments of $518.52 at an interest rate of 3.750%
  • 12 payments of $517.09 at an interest rate of 3.750%
  • 12 payments of $515.60 at an interest rate of 3.750%
  • 12 payments of $514.06 at an interest rate of 3.750%
  • 12 payments of $512.46 at an interest rate of 3.750%
  • 12 payments of $510.80 at an interest rate of 3.750%
  • 12 payments of $509.07 at an interest rate of 3.750%
  • 12 payments of $507.28 at an interest rate of 3.750%
  • 12 payments of $505.42 at an interest rate of 3.750%
  • 12 payments of $503.49 at an interest rate of 3.750%
  • 12 payments of $501.49 at an interest rate of 3.750%
  • 12 payments of $499.41 at an interest rate of 3.750%
  • 12 payments of $497.25 at an interest rate of 3.750%
  • 12 payments of $495.00 at an interest rate of 3.750%
  • 12 payments of $492.68 at an interest rate of 3.750%
  • 12 payments of $490.26 at an interest rate of 3.750%
  • 12 payments of $487.75 at an interest rate of 3.750%
  • 12 payments of $485.15 at an interest rate of 3.750%
  • 12 payments of $482.44 at an interest rate of 3.750%
  • 12 payments of $479.64 at an interest rate of 3.750%
  • 12 payments of $476.72 at an interest rate of 3.750%
  • 12 payments of $473.70 at an interest rate of 3.750%
  • 12 payments of $470.56 at an interest rate of 3.750%
  • 12 payments of $467.30 at an interest rate of 3.750%
  • 12 payments of $463.91 at an interest rate of 3.750%
  • 12 payments of $460.40 at an interest rate of 3.750%
  • 11 payments of $456.75 at an interest rate of 3.750%
  • 1 payment of $458.15 at an interest rate of 3.750%

The monthly payment amounts quoted include the mortgage insurance premium.

Mortgage insurance is required for most FHA loans. The monthly mortgage insurance premium is calculated based on the average annual outstanding balance, so it will vary from year to year.

$454.72
$67.78
$522.50

The actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.

Rate APR Pts
3.75% 4.793% 0%

Jumbo Financing

A fixed rate mortgage provides you with the security of a monthly payment that doesn't change. Fixed rate loans are one of the most popular loan options today. By choosing a 30 year fixed rate loan, you will have the lowest monthly payment of all the fixed rate loans we offer.

Jumbo 30 Year Fixed Rate

Projected Payment Schedule

The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $500,000 and an estimated property value of $700,000. The property is located in OK and is within Oklahoma county. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account is required. The rate lock period is 30 days and the assumed credit score is 740.

At a 4.250% interest rate, the APR for this loan type is 4.260%. The payment schedule would be:

  • 359 payments of $2,459.70 at an interest rate of 4.250%
  • 1 payment of $2,459.45 at an interest rate of 4.250%

If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.

Rate APR Pts
4.25% 4.26% 0%
A fixed rate mortgage provides you with the security of a monthly payment that doesn't change. Fixed rate loans are one of the most popular loan options today. Choose a 15 year fixed rate loan if you're comfortable with a higher payment and you will have the benefit of substantial interest savings.

Jumbo 15 Year Fixed Rate

Projected Payment Schedule

The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $500,000 and an estimated property value of $700,000. The property is located in OK and is within Oklahoma county. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account is required. The rate lock period is 30 days and the assumed credit score is 740.

At a 3.750% interest rate, the APR for this loan type is 3.768%. The payment schedule would be:

  • 179 payments of $3,636.11 at an interest rate of 3.750%
  • 1 payment of $3,636.55 at an interest rate of 3.750%

If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.

Rate APR Pts
3.75% 3.768% 0%
Senior Vice President, Mortgage Loan Officer
NMLS #
663412
Oklahoma City and Edmond Areas
405.427.4000
Vice President, Mortgage Loan Officer
NMLS #
210604
Tulsa Area
918.523.3600
Vice President, Mortgage Loan Officer
NMLS #
1019199
Stillwater Area
405.372.2234
Senior Vice President, Mortgage Loan Officer
NMLS #
663424
Stillwater Area
405.372.2234
Vice President, Mortgage Loan Officer
NMLS #
NMLS #663438
Oklahoma City and Edmond Areas
405.427.4000
Senior Vice President, Mortgage Sales Manager
NMLS #
595241
All Texas Markets
512.314.6700
Vice President, Mortgage Loan Officer
NMLS #
266887
All Texas Markets
512.314.6700
Vice President, Mortgage Loan Officer
NMLS #
641933
Wichita and Hutchinson Areas
316.315.1600