Key West mortgage broker, luxury, STR permits, and the deals nobody else closes.

Yes, but Key West has a hard cap on Transient Rental Vacation Neighborhood Area (TRVNA) licenses. The permit must transfer with the sale, and the city's cap means not all properties have one. Verify the permit BEFORE writing an offer. Once permit transfer is confirmed, DSCR loans using STR income are widely available. Key West permitted STR properties frequently achieve DSCR ratios of 1.5 to 2.0+ given the strong year-round nightly rates. We close Key West DSCR deals monthly, but only after the permit transfer is confirmed.

Key West is in Monroe County, which has the maximum 2026 high-balance conforming limit of $990,150 for a 1-unit property. FHA matches this limit. VA has no limit for full-entitlement veterans. Above $990K, jumbo financing applies. Given that most Old Town Key West SFR trades above $1.5M and luxury properties go to $5M to $10M+, portfolio jumbo is the dominant product for serious Key West buyers.

Most Key West condos are NOT on the FHA approval list, typically because owner-occupancy ratios fall below 51% (investor concentration is high) or due to insurance and reserve fund requirements. Single-Unit Approval (SUA) is technically possible but adds 2 to 3 weeks and often hits the same hurdles. For most Key West condo financing, portfolio jumbo or DSCR is the faster and more reliable path. If you need FHA for the rate and down payment, we check the warrantability status and run a parallel SUA if timing allows.

Yes. Foreign National programs for Key West buyers typically require 25 to 30% down, passport and visa documentation, and 12 months of reserves. No U.S. credit history is required, international credit references are accepted. ITIN loans are available for non-citizen U.S. residents with a tax ID who have some U.S. credit history. The Foreign National loan rate is typically 1.0 to 1.5% higher than a conventional equivalent, but closes deals when nothing else works. European, Latin American, and Canadian buyers are common in Key West.

Sunset Key and oceanfront properties command the highest prices ($3M to $10M+). Old Town historic SFR typically ranges $1M to $3.5M. Truman Annex runs $1.5M to $3M. Midtown ranges $800K to $2M. Bahama Village is more accessible at $700K to $1.5M. New Town offers the most affordable inventory at $550K to $990K. Everything south of New Town and across the bridges (Stock Island, Boca Chica) trades at a significant discount but has its own zoning and use considerations.