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

  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.

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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 work with 5 star Google-rated companies and mortgage professionals and have helped people find the best loan solutions and providers.  Our goal is to be the best resources of information for your needs. Start by inquiring.

1. Submit Request

Inquire with Basic Info

2. Information Review

Your inquiry is manually reviewed.

3. Match You Correctly

Get matched with the best provider based on inquiry.

4. Provider Contacts You

Professional reviews & contacts you for final steps.

Benefits of Our Process

We picked the most experienced loan officers that have the knowledge & expertise you need to explore the many financing options available to make the right choice for your property mortgage loan needs. Finding the best banks and brokers can create confusion and working with the best helps you in this major decision.

  • Best Broker Match up for Your Needs

  • Human Expert Loan Review

  • Over 200+ Bank Network to Work With

  • 5 Star Rated Brokers & Funding

  • Various programs for all buyers and investors.

  • Foreign National Buyers for US Mortgages.

  • They’ll Sit and Discuss the Best Loan Deals.

  • No Pressure or Obligation to Use

Other Funding Sources

  • Limited Banks to Shop Around.

  • Will Choose Loans Based on Their Needs.

  • Interested More in Selling Your Data

  • Script based boiler room operations for quick buck.

  • Only Work With a Few Providers

  • They Want Easy Situations and Don’t Fight for You.

Have a Unique Situation?

We’ve helped thousands of borrowers find the right funding brokers no matter the issues.

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