Why Choose a Jumbo Loan in Florida
Conventional loans remain one of the most popular mortgage options for Florida homeowners. Backed by private lenders rather than the government, these loans offer flexible terms, competitive rates, and a wide range of down payment options.
They’re ideal for borrowers with steady income and good credit who want straightforward financing without extra fees or restrictions. Whether you’re buying your first home, upgrading, or refinancing, a conventional loan gives you freedom to customize your mortgage to fit your long-term goals.
With Select Home Loans, you’ll enjoy personalized guidance and fast, reliable service—from pre-approval to closing.
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Jumbo loans finance homes that exceed the conforming loan limit set by Fannie Mae and Freddie Mac (currently $806,500 in most Florida counties, higher in select high-cost counties). Florida's coastal markets — especially Naples, Boca Raton, Miami Beach, Sarasota, and the Florida Keys — see a high concentration of jumbo financing.
Jumbo loans have stricter underwriting than conforming loans (typically 700+ credit, 10–20% down, and stronger reserves), but rates are often competitive with conforming rates. We work with multiple jumbo investors so we can match your scenario to the right program.
Specialty jumbo products are also available: bank-statement jumbo for self-employed borrowers, asset-depletion jumbo for high-net-worth retirees, interest-only jumbo for cash-flow planning, and non-warrantable condo jumbo for certain high-rise Florida properties.
Loans above the conforming limit are jumbo. The conforming limit is $806,500 in most Florida counties for 2025; some high-cost counties have higher ceilings.
Standard jumbo programs require 10–20% down. Some specialty programs allow 5% down up to specific loan amounts.
Some jumbo programs allow PMI to keep down payments lower; many high-balance jumbos avoid PMI entirely with 20%+ down.
Yes — bank-statement jumbo programs qualify on 12 or 24 months of personal or business bank statements instead of tax returns.
We have jumbo programs that finance non-warrantable condos common in Florida high-rises (above 50% investor ownership, commercial space ratios, etc.).
