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: $832,750+ standard FL, $990,150+ Monroe County. Programs up to $5M+ on agency-eligible jumbo, $20M+ on portfolio.
720 FICO minimum on most products. Best pricing at 740 to 760+. Portfolio jumbos may accept 680 with compensating factors and lower LTV.
10% down up to ~$2M (strong file). 20% standard. 25 to 30% above $3M. Investment property jumbo: 30 to 40% typical.
6 to 24 months of PITI in liquid reserves depending on loan size. Retirement assets count at 60 to 70%. Critical factor for retirees buying coastal FL.
SFR, warrantable condo, non-warrantable (portfolio only), 2 to 4 unit, second home, investment. Pier/dock financing case-by-case.
30 to 90 day standard. Float-down options on some products. Extended locks for new construction, important for coastal new builds with long timelines.
VE-zone properties scare retail jumbo desks into declining. We work with portfolio lenders who actually understand coastal Florida and don't penalize the appraisal because it's near water. Pre-screen the property BEFORE contract, not at appraisal. Run a coastal risk score →
Most Florida luxury waterfront condos fail Fannie/Freddie warrantability, litigation, owner-occupancy ratios below 50%, single-entity concentration. Standard jumbo dies here. Portfolio jumbo products don't use warrantability as a criterion. We identify this before you fall in love with the unit.
Coastal FL insurance can kill a jumbo deal at the 11th hour. We pull a quote at pre-approval, not at clear-to-close. Citizens, surplus lines, private market, we know which carriers will write in your zip code before any offers go in.
Tax returns under-state income for most successful self-employed buyers, write-offs are the point. We have bank statement, P&L, and asset-depletion jumbo products. See Non-QM jumbo options →
Jumbo Pre-Qualification
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, no insurance shock at closing.