Jumbo  Loans

Jumbo Loans—Financing for Luxury and High-Value Homes in Miami Florida

A Jumbo Loan is designed for buyers purchasing high-value or luxury properties that exceed the conforming loan limits set by Fannie Mae and Freddie Mac. In markets like Miami, where home prices often surpass standard limits,  Jumbo Loans make it possible to finance more expensive homes under one single mortgage. These loans offer flexibility, competitive rates, and options for both primary and investment properties.

Basic Requirements

To qualify for a Jumbo Loan in Miami, borrowers must meet stronger financial and credit standards since the loan amount exceeds conventional limits. The 2026 conforming loan limit for most areas is $819,000  for a single unit property, so any mortgage amount above that is considered a Jumbo Loan.

Typical requirements include:

• Minimum credit score: usually 700 or higher
• Down payment: typically 10% to 20%, depending on the loan size and borrower profile
• Debt-to-income ratio (DTI): generally below 43%
• Reserves: may require 6 to 12 months of mortgage payments in savings
• Income verification: must provide W-2s, tax returns, or bank statements (for self-employed borrowers)
• Property types: single-family homes, condos, townhomes, and multi-unit residences

Lenders perform manual underwriting or DU approval to ensure financial stability and verify the borrower’s ability to handle higher loan amounts.

Who Can Qualify and Property Types

Jumbo Loans are ideal for high-income earners, professionals, executives, and investors purchasing homes or investment properties that exceed standard lending limits. Borrowers can use Jumbo Loans for:

• Primary residences
• Second homes or vacation properties
• Investment properties
• Luxury condos and waterfront homes

Miami’s luxury real estate market makes Jumbo Loans especially valuable for buyers who want one seamless mortgage without needing to split financing between two loans.

What's Not Allowed

Jumbo Loans cannot include features like negative amortization, interest-only payments (unless program-approved), or stated income loans. Borrowers with recent bankruptcies, foreclosures, or major credit issues may be ineligible until the required waiting periods have passed. Some lenders may not finance unique or non-warrantable condo projects without additional documentation.

Why Choose a Jumbo Loan

A Jumbo Loan in Miami is perfect for homebuyers who want to purchase or refinance high-end  real estate without limits. These loans offer competitive interest rates, flexible loan terms up to 30 years, and the ability to finance large loan amounts under a single mortgage. With strong credit and stable income, borrowers can unlock the opportunity to own luxury properties across South Florida — from Brickell high-rises to Coral Gables estates.

As your trusted Miami mortgage broker, I’ll help you navigate the Jumbo Loan process, compare lender options, and secure the best rate possible. Whether you’re buying your dream home or expanding your investment portfolio, I’ll make the process smooth from pre-approval to closing.

Contact me today to explore your Jumbo Loan options and finance your luxury property with confidence.