Florida jumbo loans at a glance
- Loan amounts: above $832,750 (the FHFA 2026 baseline conforming limit for most Florida counties; Monroe County is higher).
- Down payment: commonly 10–20% or more; 20%+ usually unlocks the strongest pricing and lowest reserves.
- Credit: typically 700+; 740+ generally gets stronger pricing.
- Reserves: often 6–12 months of payments after closing, more on larger loan amounts.
- Documentation: full-doc, or bank-statement and asset-depletion jumbo programs for business owners.
- Property types: primary residences, second homes and investment properties; condos (including some non-warrantable projects) through non-QM lenders.
- Where it matters locally: Wellington equestrian estates and gated communities, Palm Beach, Jupiter, Palm Beach Gardens, Boca Raton and the coastal corridor.
Program availability, limits and terms vary by lender and are subject to underwriting; figures are typical ranges, not offers.
What Is a Jumbo Loan?
A jumbo loan is a mortgage that exceeds the conforming loan limits set by the Federal Housing Finance Agency (FHFA). In most Florida counties, the 2026 conforming limit is $832,750. Any loan amount above this threshold requires jumbo financing, which comes with its own set of guidelines and qualification criteria.
Jumbo loans are essential for purchasing luxury homes, waterfront properties, estate-style residences, and high-value real estate throughout Florida's most desirable markets — from Palm Beach to Naples, Jupiter to Miami Beach — and in Wellington, where equestrian estates and gated communities routinely price above the conforming limit.
Because jumbo loans aren't backed by Fannie Mae or Freddie Mac, finding the right lender is critical. With access to hundreds of wholesale lenders, I can compare jumbo products across many lenders — including bank-statement and asset-based jumbo programs for business owners — on rate, reserves and terms.
Key Benefits & Features
Finance properties well into the millions. Loan amounts up to $3 million, $5 million, or even higher depending on the lender and your qualifications.
Jumbo rates have become increasingly competitive and are often comparable to — or even lower than — conforming rates for well-qualified borrowers.
While 20% is standard, some jumbo programs offer 10% or even 5% down for qualified borrowers, with or without PMI.
Choose from 15, 20, or 30-year fixed rates, or ARM options that can offer lower initial rates for strategic buyers.
Finance primary residences, second homes, and in some cases investment properties with jumbo financing.
Some jumbo programs offer interest-only payment periods, providing maximum cash flow flexibility.
Who Qualifies for a Jumbo Loan?
Jumbo loans have more stringent qualification requirements than conforming loans. Here are the general guidelines:
| Requirement | Details |
|---|---|
| Credit Score | 700+ typical minimum; lender overlays vary |
| Down Payment | 10-20% typical (some programs allow less) |
| Debt-to-Income Ratio | Generally 43% or lower |
| Cash Reserves | 6-12 months of mortgage payments in liquid assets |
| Loan Amounts | $766,551 to $5 million+ (varies by lender) |
| Documentation | Full documentation including 2 years of tax returns and W-2s |
| Property Types | Single-family, condos, townhomes, second homes |
| Appraisal | Some lenders require two appraisals for loan amounts over $1.5 million |
Why Work with Jason & Loan Factory?
Jumbo loan pricing varies dramatically between lenders — far more than conforming loans. A quarter-point difference on a $1.5 million mortgage translates to significant money over the life of the loan. As your broker, I compare jumbo products across hundreds of wholesale lenders to find a strong combination of rate, terms, and fees for your file.
I've financed luxury properties throughout Florida and understand the nuances of jumbo underwriting. Whether you need a straightforward full-doc jumbo or a more creative solution involving assets, I have the lender relationships and experience to get your loan closed efficiently.