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Jumbo Loans: Go Big with the Queen Bee

**What is a Jumbo Mortgage?**  

A jumbo mortgage loan is a home loan that exceeds the limit set by Fannie Mae and Freddie Mac. In Florida, that limit is set at $766,550. Any loan amount above this is considered a jumbo mortgage. Ready to get started? Check your rate today!

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**Florida Jumbo Mortgage**  
Jumbo mortgages are ideal for those looking to purchase high-end properties that a conventional loan might not cover. If you're eyeing a property in a high-cost county like Monroe or Collier, a jumbo mortgage might be the perfect fit. Our jumbo mortgage experts here at Coast2Coast are here to help you qualify for the full amount. Give us a buzz, and we’ll take care of your jumbo

mortgage needs!

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Key Honeycomb Facts About Jumbo Mortgages in Florida

**Loan Limit:**  
- The jumbo loan limit for most of Florida is $766,550, except for Monroe County where it is $929,200.

**Down Payment:**  
- Most lenders typically ask for a 20% down payment, but you can still get a loan with just 10% down, especially for residential properties.

**Mortgage Insurance:**  
- Lenders often require monthly mortgage insurance, but you can significantly reduce the premium by increasing your down payment.

**Qualification:**  
- Qualification standards for jumbo loans aren’t overly stringent. With a 680 credit score, a 43% debt-to-income ratio, and proof of consistent income, you’ll almost certainly qualify for a jumbo mortgage.

**Types:**  
- Options depend on the lender's packages, but generally, there are adjustable-rate loans (with a maximum period of 10 years) and fixed-rate loans with terms of 15, 20, and 30 years.

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Do You Need a Jumbo Loan?

Think you can qualify for a jumbo mortgage? Give us a call, and we'll help you secure the best Florida jumbo loan rates. Our experienced team can shop around to get you a lower interest rate than conventional and even government-backed loans. 

Buzz us now and let's make your dream home a reality with a jumbo loan!

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