Jumbo Loans

What is a jumbo mortgage loan?

Up to 95% financing!

Are you looking for a Jumbo Mortgage lender in Florida? There has never been a better time than right now to take advantage of this program.

We specialize in helping luxury home buyers who need financing for higher jumbo loan amounts.

What is a jumbo mortgage?

A jumbo mortgage loan in most counties is any loan that is greater than $548,250

Are home loan rates higher on jumbo mortgages?

Not necessarily! Call us and we will provide a customized quote for your home loan as rates can vary according to your scenario and what the market is doing.

What are the qualifying guidelines for a jumbo home loan?

Stricter guidelines can make jumbo mortgages more difficult to qualify for than conforming loans. First, you must have good credit. Most lenders have a minimum credit score of 680, and for higher loan amounts, or higher loan-to-value ratios, your score must be above 700.

Your down payment can be as low as 5%. However, if you plan to obtain a 2nd mortgage, or HELOC, that loan must also be counted in the loan-to-value ratio. Debt-to-income are generally capped at 41%.

You must be able to prove your income through tax returns, or W2s, or both. Jumbo mortgages are only for primary residences and second homes.

What kind of mortgages can you get with a Jumbo home loan?

Fixed rate, 10, 15, 20 or 30 year terms available. With less than 20% down; however, you will pay monthly mortgage insurance, but there is NOT an add on for a jumbo loan.