Jumbo Florida Mortgage Lenders

A Florida jumbo mortgage lender provides jumbo loans for mortgage loan amounts above the conforming Florida loan limits. The result of the larger loan amount is being borrowed Florida Jumbo mortgage lenders can charge slightly higher interest rates for these mortgage loans. Conforming loan limits vary based on your location, and are higher in Florida areas with higher Florida housing prices.

Fannie Mae Florida Jumbo Lender loan limits for one unit 806,500. The Federal Housing Finance Agency (FHFA) has issued the conforming loan limit values that will apply to conventional loans to be acquired by us in. The first mortgage-conforming loan limit values are defined in terms of baseline loan limits and high-cost area loan limits. 

 10% Down Jumbo Florida Mortgage Lenders 

• $2,000,000 loan amount with a 680 credit score = 90% Loan To Value.
• $2,500,000 loan amount with a 720 credit score = 80% Loan To Value.
• $3,000,000 loan amount with a 740 credit score = 80% Loan To Value.
• No Mortgage Insurance Required.
• Little or up to 6-12 months of reserves are required.
• This program is available for single-family townhomes, and condominiums.
• Jumbos for single-family, townhomes, and condominiums.
• Debt to income max is 50% depending on credit scores.
• Self-employed borrowers with write-offs use our bank statement mortgage lenders.
• Investors Use Projected Rental Income To Qualify.
• No Tax Return Mortgage Lenders for Primary Residences & Second Homes.
•  VA jumbo loans for qualified Veterans who want to take advantage of zero down. 

Super Jumbo Loans Up To 15 Million!

NON-QM Florida Jumbo Mortgage Options Include:

 We provide a variety of specialty Alternative Florida mortgage programs including:

• NO tax return: Non-QM and private jumbo Florida lenders offer alternative documentation.
• 1099 Only: Use 1099 Income up to 100% with no verified business expenses.
• Bank Statement: Use 12 or 24 average bank deposits for mortgage income. 
• Asset-Based: jumbo Florida Mortgage uses assets in your account to qualify.
• Self-Employed Mortgage: – If you write off too much of your income.
• P&L Only:: Use Your licensed Tax preparer Profit and Loss to qualify.
• NO Income:: Use the subject property’s income for your next jumbo Florida mortgage investment. 
• Foreign National: Nonresidents can invest purchase or cash out. 
• Commercial: Options for Florida office buildings, shopping centers, and warehouses.
• Non-Warrantable Florida Condos and Condotel Mortgage Options 

Jumbo Florida Mortgage Lenders Key Points

• Jumbo Florida Mortgage lenders vary in location, but in most parts of the U.S., it’s a loan of more than $806,500.
• Jumbo mortgage loans require higher credit scores, a higher level of income, or larger down payments and reserves requirements.
• Jumbo interest rates are usually higher than conforming mortgages.

The current Jumbo mortgage starts at loan amounts greater than $806,500 and applies to most of Florida.  Any mortgage amount that exceeds the Florida conforming loan limits listed below for a single 1-unit property would be classified as a Jumbo loan. Florida Jumbo loan limits are listed below:

• West Palm Beach (Palm Beach County, Florida) $806,500
• Tallahassee (Leon County, Florida) $806,500
• Miami (Dade County, Florida) $806,500
• Gainesville (Alachua County, Florida) $806,500
• Jacksonville (Duval, Florida St. Johns County) $806,500
• Orlando (Orange & Seminole County) $806,500
• Tampa/ St. Petersburg (Hillsborough, Florida and Pinellas County) $806,500
• Naples (Collier County, Florida) $806,500
• Sarasota County  $806,500
• Key Largo, Key West (Monroe County, Florida) $967,150

Together they set the jumbo loan limit on the maximum value of any individual mortgage they will purchase from a Jumbo Florida mortgage lender. When Freddie Mac and Fannie Mae max loan limits don’t cover the full amount, it is commonly known as a non-conforming “jumbo loan”

High-cost area loan limits are derived from median home prices estimated by the Federal Housing Administration (FHA) of the Department of Housing and Urban Development (HUD). FHA will permit a 30-day appeals period during which requests for individual area median home price increases will be evaluated. FHFA will issue a subsequent announcement if any individual high-cost area loan limit is increased as a result of the appeals process. Updates resulting from subsequent FHFA announcements will be posted on our website.

Loans subject to the high-cost area limits are referred to as high-balance loans and must comply with the high-balance loan requirements described in the Selling Guide. Application of the Limits Based on Original Loan Amount.
All conforming loan limit values apply to the original loan amount of the mortgage loan, not to its balance at the time of purchase by Fannie Mae. Lenders are responsible for ensuring the original loan amount of each mortgage loan does not exceed the applicable loan limit for the specific area in which the property is located.

The loan limits will be applied to Desktop Underwriter (DU®) loan casefiles submitted (or resubmitted) on or after the weekend of Dec. 7, 2024. Also note that loan casefiles underwritten through DU prior to Dec. 7 that receive an Ineligible recommendation due only to exceeding the 2024 loan limit may be delivered after Jan. 1, (or in Jan. 1, MBS pools). The loan case file does not have to be resubmitted to DU if the only reason for the DU Ineligible recommendation is due to the loan amount, which complies with the applicable conforming loan limit value.

The current Florida Jumbo mortgage starts at loan amounts greater than $806,500. Again, this applies to most of Florida and throughout the U.S. Any Florida mortgage amount that exceeds the conforming amount listed below for a single 1-unit property would be a Jumbo loan. The average interest rates on jumbo mortgages can be slightly higher than for conforming Florida mortgages because they are considered higher risk for lenders. This is because if a jumbo Florid mortgage loan defaults, it may be harder to sell a luxury jumbo residence versus a standard lower-priced Florida house.

However, today high-cost loans are often split up into (2) separate Florida mortgages. By doing this, the buyer can often keep the primary first mortgage at the maximum conventional loan limit, thus being able to take advantage of the lower interest rate. Then a smaller second mortgage (either fixed rate or HELOC) is used to make up the difference. This is commonly referred to in the lending world as a “piggyback” combo loan structure. Doing this also eliminates the need for private mortgage insurance.

High-cost properties can be more vulnerable to market highs and lows. This is one of the main reasons most banks and lenders prefer to have a higher down payment from jumbo loan seekers. However, qualified home buyers now have new options available, up to 95% loan to value.

If you are a home buyer looking for the lowest down payment Jumbo loan, at the lowest interest rate, be sure to contact us 7 days a week by calling or just submit the rapid Info Request Form on this page.