We Specialize in Florida Jumbo Loans

Up to 3 million loan value – Great Rates & Low Fees

Jumbo Loans In Florida

  • Up to 4 million loan value
  • Great rates & fees
  • Jumbo mortgage limits vary by county
  • Subject to investor requirements
  • Local Florida customer service

Florida Jumbo Home Loans

Florida jumbo loans, are mortgages are home loans that exceeds conforming loan limits imposed by Fannie Mae and Freddie Mac (the two government entities that guarantee mortgages from lenders). Higher loan amounts are above these limits are considered non conforming or jumbo loans and are not secured in this manner. These jumbo loans are backed by private investors and have different guidelines.

The loan limits differ by counties in Florida due to the high cost of the average homes in certain areas. Jumbo mortgages tend to be used for large, single- family homes. While the underwriting process for Jumbo mortgages is similar to that of a conforming mortgage, the requirements differ slightly.  Please feel free to check the current jumbo loan rates on our website. We have Florida jumbo specialists on standby to help guide you through application for your new loan.

What is a 10 percent down payment Jumbo Mortgage Loan?
A loan that is above conventional conforming loan limits is called a jumbo loan. This limit is set by Fannie Mae and Freddie Mac, who purchase loans from mortgage lenders. If a loan amount is higher than $453,100 then neither of the two government-sponsored entities will purchase that loan. Typically, both Fannie and Freddie buy the bulk of U.S. residential mortgages from banks and mortgage companies.  In summary, a jumbo loan in Florida is one with an amount more than $453,100.

What are the requirements for getting a 10 percent down payment Jumbo loan?

– Minimum credit score of 680.
– Maximum DTI 43%.
– First Time Home-buyers permitted.
– Florida properties only.
– No prior foreclosure, short sale or bankruptcy last 4 years

Whether a Jumbo mortgage, FHA loan, VA loan, or USDA loan, we can find the perfect loan option to meet your specific mortgage lending needs.  Call today or apply online using our mobile friendly web application. Have questions?  Call to speak with one of our friendly Jumbo loan experts for free consultation.

Florida Jumbo Home Loans

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Florida Jumbo Mortgage Lenders

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  • Streamline Process, Fast Closings & Funding
  • Same Day Pre-Qualifications
  • 28 Day Closings!

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