Florida Jumbo Loan Mortgage

A mortgage is generally considered a Jumbo Mortgage Loan when it goes past the conforming limits set by Fannie Mae and Freddie Mac: $647,200 in most U.S counties. Super Jumbo Loans usually include mortgage amounts over $3 million. Conforming loan limits in Florida is $647,200 in every county except Monroe county, where it is $710,700. See FHA  map –>

When considering high priced luxury or real estate commercial investments, these loan programs become the favorable choice.

We process jumbo & super jumbo loans weekly and will help guide you through the process.

Main Points of a Jumbo Loan Mortgage

    • A jumbo loan is a type of financing that exceeds the limits set by the Federal Housing Finance Agency and cannot be purchased, guaranteed, or securitized by Fannie Mae or Freddie Mac.
    • Homeowners must undergo more rigorous credit requirements than those applying for a conventional loan.
    • The average APR for a jumbo mortgage is often at par with conventional mortgages and down payments are roughly 10% to 15% of the purchase price.

Our goal is to get you the best deal, the best rates and your loan approved!

FAQ’s on Jumbo Loans

  1. Check your Credit Score in your Online Bank or Credit Karma. Although Credit Score for a Mortgage Loan will be different from the one displayed (it’s calculated using different formulas), but you will have a general idea. Mid – to upper 700s could qualify you for the better interest rates available on the market.
  2. Be ready for the Down payment. While many conventional loans don’t require a big down payment, the more money you put down, the better your chances of qualifying for a lower interest rate. The lowest you can put down would be 10%.
  3. Approximate your Debt-to-Income Ratio
    Your credit score is one factor in determining your eligibility for a conventional mortgage, but lenders will also look at your debt-to-income ratio. Lenders typically want to see that your total monthly debts are no more than 36% of your monthly gross income.
  4. Fill out our Application online to get Pre-approved! We will check your Credit Score, Debt-to-income ratio and see what you qualify for.
  5. Get ready to go shopping!

700 or Higher. The higher the score (among other factors), the higher the potential for a better interest rate.

There is no set amount of what you need to make. Your qualification will heavily depend on your Debt-to-income Ratio (The amount of money you spend vs the amount of money you make). And your financial portfolio, combined assets, and cash on hand. Once we run your Credit Report, we’ll be able to see what your liabilities are (like car and credit card payments) and having your Paystubs, W2 or Tax Returns will let us calculate your income to establish this ratio for you.

A jumbo loan becomes advantageous when you are ready to make a higher priced real estate purchase. Typically used in luxury real estate property sales, a jumbo loan will give yo the ability to make those purchases we see buyers taking advantage of.

We deal with jumbo mortgages, and super jumbo mortgages every week. In the Miami market and up the Florida coast, it’s easy to see condos that sell for $2,000,000 – $20,000,000.

We know what banks and what lenders are capable of giving those types of loans, while your standard “No Frills” bank at the corner only interested in making “safe” FHA loans and don’t want to touch these higher ticket items.

How It Works?

Simple Hassle Free Process

It starts with a no hassle and no commitments phone, text or email conversation. Everyone’s situation is different and our experts will analyze your needs and wants and help get you the BEST property loan possible.

Let’s Discuss Your Needs

Safe & Easy

We are a 5 star Google-rated company and have processed millions of dollars in loans in the U.S.  Our safety and security standards help you get the best Loan terms available.

1. Initial Consult

Complete our simple Application

2. Receive Options

Receive options based on your unique criteria and needs

3. Compare Rates

Compare mortgage Interest Rates and Terms available

4. Choose Offer

Choose the offer that best fits your needs

Benefits of Our Process

As experienced loan officers we have the knowledge & expertise you need to explore the many financing options available for you make the right choice for your property mortgage loan needs.

  • Over 200+ Bank Network to Work With

  • Human Expert Loan Review

  • 5 Star Rated Broker Built on Trust

  • Various programs for all buyers and investors.

  • Foreign National Buyers for US Mortgages.

  • We Sit and Discuss the Best Loan Deals.

  • We’ll fight the banks for you when they’re difficult.

Other Mortgage Brokers

  • Limited Banks to Shop Around.

  • Will Choose Loans Based on Their Needs.

  • Rely to Much on Technology and Not Fight for you.

  • Script based boiler room operations for quick buck.

  • No International buyer programs or don’t want to deal with them.

  • Take No from banks and underwriters to easy and don’t fight for you.

Have a Unique Situation?

We’ve helped thousands of borrowers no matter the issues.

Get a funding consultation

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