Most jumbo lenders panic at flood zones, condo questionnaires, and elevation certificates. We don't. Florida Keys, Naples, Palm Beach, Sarasota — high-balance financing for the buyers and properties standard underwriting can't handle.
"Jumbo" isn't one product — it's a category. Different investors, different overlays, different underwriting. The right one depends on your file and the property.
Above conforming: $806,500+ standard FL, $1,209,750+ in Monroe County. Programs go up to $5M+ on agency-eligible jumbo, and $20M+ on portfolio.
720 FICO minimum on most products. Best pricing at 740–760+. Some portfolio jumbos accept 680 with compensating factors.
10% down up to ~$2M (with strong file). 20% standard. 25–30% above $3M. Investment property jumbo: 30–40% typical.
6–24 months of PITI in liquid reserves depending on loan size. Retirement assets count at 60–70%. Big factor for retirees buying coastal.
SFR, warrantable condo, non-warrantable (portfolio only), 2–4 unit, second home, investment. Pier/dock financing on case-by-case.
30–90 day standard. Float-down options on some products. New construction extended locks available — important for coastal new builds.
VE-zone properties scare retail jumbo desks. We work with portfolio lenders who actually understand coastal Florida and don't penalize the appraisal just because it's near water. Run a coastal risk score on the property →
Most Florida luxury waterfront condos fail Fannie/Freddie warrantability. Litigation, owner-occupancy ratios, single-entity concentration — all common. We have portfolio products that don't care about warrantability.
Coastal FL insurance can kill a deal at the 11th hour. We pull a quote at pre-approval, not at clear-to-close. Citizens, surplus lines, private — we know which carriers will write in your zip.
Tax returns under-state income for most successful self-employed buyers. We have bank statement, P&L, and asset-depletion jumbo products. See Non-QM options →
One call. We'll talk through the property, the file, and the right jumbo product before you write the offer. No surprises at the appraisal.
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