A jumbo mortgage loan is a home loan whose amount exceeds the limit set by Fannie Mae and Freddie Mac. In Florida, that limit is pegged at $806,500. If you take out a home loan that exceeds that, it will be considered a jumbo mortgage. Check your rate to get started.

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Jumbo mortgages are great because they allow borrowers to purchase high-end properties that they otherwise wouldn’t afford with a conventional loan. So if you’re thinking of purchasing a property in a high-cost county like Monroe or Collier, you may want to consider a jumbo mortgage. Our jumbo mortgage experts here at Moreira Team will help you qualify for the full amount. Give us a call, and we will take care of your jumbo mortgage needs.

Today's Florida Mortgage Rates

30 Yr. Fixed 7.000% APR 7.506%

15 Yr. Fixed 6.250% APR 6.788%

30 Yr. Fixed FHA 6.125% APR 7.119%

30 Yr. Fixed VA 6.125% APR 6.573%

Mortgage Rates as of December, 26 2024 See All Rates | See Rate Assumptions

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Rate Table Assumptions

Conventional Rates shown assume a purchase transaction.
Annual Percentage Rate (APR) calculations assume a purchase transaction of a single-family, detached, owner-occupied primary residence; a loan-to-value ratio of less than or equal to 95%; a minimum FICO score of 760, lock days at 30.

Term	Loan Amount	LTV	Points
30yr Fixed	$351,000	95.0%	1
15yr Fixed	$351,000	95.0%	1
30yr Jumbo	$750,000	75.0%	1
30yr FHA	$275,000	96.5%	1
30yr VA	$300,000	100.0%	1

Rates may be higher for loan amounts under $351,000. Please call for details.
Rates are subject to change without notice.
Closing Costs assume that borrower will escrow monthly property tax and insurance payments.
Subject to underwriter approval; not all applicants will be approved.
Fees and charges apply.
Payments do not include taxes and insurance.
Rates based on information gathered from OptimalBlue.
Mortgage insurance is not included in the payment quoted. Mortgage insurance will be required for all FHA and USDA loans as well as conventional loans where the loan to value is greater than 80%.
Restrictions may apply. Ask for details.
Moreira Team | MortgageRight is an Equal Opportunity Lender

“Rate Over X%” Assumptions

Rates shown assume a refinance transaction.
Annual Percentage Rate (APR) calculations assume a purchase transaction of a single-family, detached, owner-occupied primary residence; a loan-to-value of 75%; a minimum FICO score of 740; a Loan Term of 360 months; and a loan amount of $300,000 for conforming loans.
Rates may be higher for loan amounts under $275,000. Please call for details.
Rates are subject to change without notice.
Closing Costs assume that borrower will escrow monthly property tax and insurance payments.
Subject to underwriter approval; not all applicants will be approved.
Fees and charges apply.
Payments do not include taxes and insurance.
Rates based on information gathered from OptimalBlue.
Mortgage insurance is not included in the payment quoted. Mortgage insurance will be required for all FHA and USDA loans as well as conventional loans where the loan to value is greater than 80%.
Restrictions may apply.
Moreira Team | MortgageRight is an Equal Opportunity Lender

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Here is a list of some essential things to know about jumbo mortgages in Florida:

Loan limit: the jumbo loan limit for Florida is $806,500, except for Monroe County where it is $929,200.

Down payment: most lenders usually ask for 20% down, but you can still get a loan with just 10% down, particularly for the purchase of a residential property.

Mortgage insurance: lenders usually require borrowers to pay monthly mortgage insurance. But you can reduce the premium significantly by increasing the down payment.

Qualification: qualification standards for jumbo loans are not all that stringent. With a 680 credit score, 43% debt-to-income ratio, and proof of consistent income, you will almost certainly qualify for a jumbo mortgage.

Types: your options depend on the lender’s packages. But generally, there are adjustable-rate loans (most have a maximum period of 10 years) and fixed-rate loans of 15, 20 and 30-year terms.

Do you need a jumbo loan? think you can qualify for a jumbo mortgage? Give us a call, and we will help you get the best Florida jumbo loan rates. Our experienced crew can shop your loan in order to get you a lower interest rate than conventional and even government-backed loans.