Jumbo Loan Program

A Florida jumbo mortgage is a mortgage with a loan amount above the industry-standard definition of conventional conforming limits. This standard is set by the two largest secondary market lenders, Fannie Mae and Freddie Mac. Conforming limits are currently $417,000, or $625,500 in Alaska, Hawaii, Guam, and the U.S. Virgin Islands.

The actual loan process of Jumbo loans is not very different from conforming loans. The biggest difference is that they are being bought by investors other than Fannie and Freddie. Because of this the funds are not as readily available and therefore rates are generally higher than they would be for conforming loan limit mortgages.

In 2008 Fannie and Freddie conforming loan limits have been raised in order to combat the liquidity fears in the mortgage markets due to the subprime mortgage problems. This has led to even lower mortgage rates for Jumbo financing and a new breed of Jumbo loans now known as “conforming jumbo” loans.

 Here are some of the highlights of our Florida Jumbo Loan Programs:

• Loan amounts up to $2M

• 1-4 family residences

• primary, vacation homes, and investor properties

• stated income available

• Unlimited cash out on refinances

• Low rise and high rise condos

• non warrantable condos


• Foreign National loans acceptable

• Construction Loans

 As you can see Advance Mortgage Lending, Inc. strives to offer the most aggressive Jumbo Loan programs in the market today. We have many years of Florida jumbo loan mortgage funding experience. For loans in excess of $2M we recommend our Super Jumbo Loan programs.

If you have additional questions or need assistance, please call us at 305-371-8181 or toll free at  855-224-3222.

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