• 5% Down Payment & 95% loan to value for owner-occupied 
  
• 15% Down Payment & 95% loan to value Jumbo Mortgage loans for a second home.
  
• $3,000,000 maximum loan amount.
  
• $10,000,000 Super Jumbo Max loan amount.
• 20% Down Payment & 80% loan to value for owner-occupied & second home Florida Jumbo Condo Mortgage Loans.
• 35% Down Payment Investment Jumbo Mortgage Loans 65% loan to value.
• We offer competitive Jumbo Mortgage Rates. 

Have you been turned down for a Florida Jumbo mortgage loan because;

• You own too many properties.
• You have more than 10 properties with mortgages.
• The credit score is a little too low.
• Had a Foreclosure or a Bankruptcy over 4 years ago.

Not to worry we close these types of loans all the time, we know the Mortgage Business and can Close Easy, Complex and Tough Deals. We do this by utilizing our years of experience and "Outside The Box Thinking" to get buyers pre-approved for the maximum loan amount possible while keeping their down payment and closing costs as low as possible. 

         

Naples Florida Jumbo Mortgage Loans Requirements!

• 6 months reserves required
• Minimum credit score of 680.
• 43% max debt to income ratio.
• Mortgage/Rent history requires 0x30 in the past 24 months
• Purchases, Rate/Term Refinances, Cash Out Refinances
• First Time Home-buyers permitted (24 months verified rental history required)
• Single-family detached properties condos that are FNMA-warrantable & 2-4 unit properties
• Prior bankruptcies or foreclosures within last 4 years max 60% loan to value

A loan that is above conventional conforming loan limits is called a jumbo loan. This limit is set by Fannie Mae and Freddie Mac, who purchase loans from lenders. If a loan amount is higher than $453,100 then neither of the two government-sponsored entities will purchase that loan. Typically, both Fannie and Freddie buy the bulk of U.S. residential mortgages from banks and other lenders, freeing up liquidity to lend more mortgages.

To sum it up, a jumbo loan is one with an amount more than $453,100. First Florida Financial Group offers jumbo loans with a lower amount for a down payment.

• $529,000 max loan amount for Monroe County
• $448,500 max loan amount for Collier County Florida
• 660 Credit score.
• Seller concessions 3% max
• Gift funds Allowed