Jose Diaz - Loan Officer
Jumbo Home Loans

The Real Estate market in Florida is pushing to homebuyers to jumbo home loans. A loan is considered jumbo if the amount of the loan amount exceeds the conforming limits set by Fannie Mae and Freddie Mac. Currently $647,200 in Florida State for single family residences.

Below our Jumbo Program requirements:

  • Fixed and ARM Rate products available
  • Owner-Occupied, Second Home and Non-Owner Allowed
  • Purchase, Rate/Term Refinance, Cash-Out Refinance Allowed
  • Single Family Residences, 2-4 units, PUDs, and Warrantable Condos allowed, maximum 25 acres
  • Minimum Loan Amount $1 over high balance conforming limit
  • Loan amounts up to $3,000,000
  • First-Time Homebuyers allowed
  • Full Documentation required (2 year income taxes, income verification)
  • Credit scores as low as 720
  • DTIs up to 43%
  • Eligible borrowers: U.S. Citizens, Permanent Resident Aliens, Non-Permanent Resident Aliens
  • One full appraisal for loan less than $2 million
  • Two (2) full appraisals for loan amounts over or equal $2 million
  • Chapter 7, 11, and 13: discharged or dismissed 4 years prior to loan application
  • Foreclosure: 7 years prior to loan application

Contact us

For more information about the types of Jumbo loans, you can contact me by sending me a message through WhatsApp or through my Contact Page and I will gladly assist you with my best advice.

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