A Jumbo Loan in Florida is a mortgage that exceeds the conforming loan limits set by the Federal Housing Finance Agency (FHFA). In 2025, the conforming loan limit for most of Florida for a one-unit property is $806,500, while high-cost areas, like parts of South Florida, can go up to $1,209,750. Any loan amount above these limits is considered a jumbo loan.
✔ Higher Loan Amounts – Ideal for luxury homes, waterfront properties, and real estate in high-cost areas like Miami, Naples, and Palm Beach.
✔ Competitive Interest Rates – Often slightly higher than conforming loans but depend on credit and financial profile.
✔ Stricter Qualification Requirements – Borrowers typically need a credit score of 700+, a lower debt-to-income (DTI) ratio, and a larger down payment (10-20%).
✔ No PMI (Private Mortgage Insurance) – Unlike conventional loans, most jumbo loans do not require PMI, even with a lower down payment.
✔ Flexible Use – Can be used for primary residences, vacation homes, and investment properties throughout Florida.
To qualify for a jumbo loan, borrowers typically need:
✅ A strong credit score (700+ preferred)
✅ A low debt-to-income (DTI) ratio <43%
✅ A larger down payment (10-20%)
✅ Sufficient cash reserves (6 to 12 months of mortgage payment)
At Guardian Capital Lenders, we make jumbo loans easy and accessible with personalized service and cutting-edge technology. Start your journey toward owning your dream home in Florida—Apply online today!
