Florida Jumbo mortgage lender for loan values up to $3,0000 – Low Rates. Low Fees. Fast Closings!
A jumbo mortgage is a home loan amount that exceeds the limits set by Fannie Mae and Freddie Mac. As of June, 2022, inn Florida, that limit is $647,200. Meaning if you take out a home loan that exceeds this value then you will need to get a Jumbo loan.
Jumbo mortgages are a great choice for more expensive properties – so if you’re buying a high end home in Florida then you will want to apply for a Jumbo loan. Our team of loan officers doe dozens of jumbo loans every month and will help get you qualified and into your dream home. Give us a call or apply online and we look forward to earning your business.
Is a Jumbo mortgage right for you?
Can you afford high-end property but don’t have a big enough down payment saved up to bring the loan down to a conforming limit? Then a jumbo loan is probably your best option. A Jumbo loan can help qualified buyers bypass a starter home and purchase the full-sized home of your dreams.
A jumbo mortgage is a home loan with an amount that exceeds conforming limits of Fannie Mae and Freddie Mac, the US government entities that guarantee the mortgages financing by the lender. Note that Jumbo loans are subject to investor requirements and must meet specific underwriting conditions.
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.
Speak with a Jumbo Loan Specialist!
* Rates shown assume a purchase transaction.
* Annual Percentage Rate (APR) calculations assume a purchase transaction of a single-family, detached, owner-occupied primary residence; a loan-to-value ratio of less than 80% for conventional loans; a minimum FICO score of 740; and a loan amount of $300,000 for conforming loans, unless otherwise specified.
* Annual Percentage Rate (APR) calculations assume a purchase transaction.
* Rates may be higher for loan amounts under $300,000. Please call for details.
* Rates are subject to change without notice.
* Closing Costs assume that borrower will escrow monthly property tax and insurance payments.
* Subject to underwriter approval; not all applicants will be approved.
* Fees and charges apply.
* Payments do not include taxes and insurance.
* Assumes – 30 Day Rate Lock.
* Rates based on Florida property.
* Mortgage insurance will be required for all FHA, VA and USDA loans as well as conventional loans where the loan to value is greater than 80%.
* Restrictions may apply.
* Lender Fees & Appraisal Fees may apply