JUMBO HOME LOANS

Financing for uncompromising lifestyles.

Jumbo home loans, sometimes referred to as non-conforming loans, are loans that exceed the conventional loan size limit in a geographic area.  In most of Florida, that means any loan amount that exceeds $484,351.  Jumbo loans can often be the most challenging when it comes to qualification. Credit history and income qualification are held to the highest standards. Interest rates are often higher than conventional loans and/or fixed terms are sometimes unavailable.  Many lenders will only lend using ARM (adjustable rate mortgage) programs. Depending on the sales price and the amount of down payment available, there are often ways to avoid jumbo altogether.  Consult your loan originator for a side-by-side comparison so you can see which is better for you.

Unlike many banks, credit unions and lenders, our Jumbo programs are highly diverse and offer competitive pricing, allowing us to consider a wider range of scenarios.

Our Jumbo program offers a minimum down payment of only 5%, compared to the traditional 10-20% down payment often required by many other jumbo lenders.

If you're considering the purchase of a home are considering Jumbo financing or just want to compare your options, we'd love the opportunity to answer all of your questions. We do a considerable amount of Jumbo financing and you can trust our expertise.

For Jumbo applicants with non-traditional profiles (credit challenges, self-employment income-calculation challenges, recent credit events such as Foreclosure, Bankruptcy or Short Sale, and much more), we offer a our FLEX Mortgage Program.  Click HERE for more info for the FLEX Mortgage Program.      

JUMBO

HOME LOANS

This is not a commitment to lend.  Not all borrowers will qualify for the loan programs listed.  All program terms and conditions are subject to change and may be discontinued without prior notice.  Contact loan originator for program questions and scenarios.  

LOAN SIZE LIMITS

• $484,351 - $6.5 Million.

ACCEPTABLE HOME TYPES

• Single Family Homes
• Multi-Unit Homes (2-4 units)
• Townhomes / Villas
• Condominiums (Condo association must pass a financial review)
• Non-Warrantable Condominiums - accepted on a case-by-case basis for well-qualified applicants.  Down payment requirement may vary.

OCCUPANCY

• Owner-occupied
• Second/vacation home
• Investment

_____________________________________

KEY FEATURES

• Down Payment- as little as 5% down up to $850,000 w/ LPMI
• Extremely competitive interest rates
• Loan amounts up to 6.5% Million
• Flexible Underwriting Requirements
• Flexible with borrowers who have previous housing events such as bankruptcy, foreclosure or short sale. We look that the borrower's overall profile when making a lending decision.
• Self-Employed borrowers may use 24 months business and/or personal bank statement cash-flow to qualify, in lieu of traditional tax return income. (consult your loan originator for details)