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 have experts that 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 match you with experts that get you the best deal, the best rates and your loan approved!
FAQ’s on Jumbo Loans
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