2025 Jumbo Loan Limit in Florida: What You Need to Know

These loan limit values apply to primary residences, investment properties, and second homes, though generally speaking, lenders require additional verification for non-primary properties.

For more expensive regions like Monroe County or parts of South Florida, the maximum loan amount allowed before requiring a jumbo loan may be higher.

Borrower Requirements for Jumbo Loans in Florida

When applying for a jumbo mortgage loan, you’ll need to meet additional criteria than a conventional mortgage:

1. Credit Score

Most lenders require a higher credit score, which is usually 700 or above. Some lenders may consider scores as low as 680 with compensating factors.

2. Down Payment

The minimum down payment for a jumbo loan is typically 10% to 20%. Many borrowers opt for a larger down payment to avoid higher rates.

3. Debt-to-Income Ratio (DTI)

Lenders prefer a DTI of 43% or lower to ensure a manageable monthly payment, though some allow up to 45% with excellent credit and strong reserves.

4. Cash Reserves

Jumbo loan lenders often require cash reserves equal to 6–12 months of mortgage payments to demonstrate financial stability.

5. Documentation

Lenders will likely ask for full income verification, including tax returns, bank statements, and, in some cases, investment account statements. For self-employed borrowers, detailed documentation is a must.

Jumbo Loan Down Payment Expectations

Expect a higher down payment than you would with conventional loans. While some financial institutions offer options with as little as 10% down, most lenders feel more secure with 15–20% down, especially if your loan-to-value ratio (LTV) is high.

Sometimes lenders may require private mortgage insurance (PMI) on jumbo loans if the down payment is less than 20%, but that depends on your credit profile and LTV. Most jumbo loans do not require PMI, which helps keep your monthly payment manageable.

Jumbo Loan Interest Rates in 2025

Jumbo mortgage rates are generally competitive with conventional loans, but they can be slightly higher depending on risk factors like borrower profile strength across credit score, DTI, and down payment.

Also, jumbo loans may come with:

• Adjustable-rate loans (ARMs) with introductory periods
• Higher annual percentage yield (APY) if risk factors are present
• More variation across financial institutions due to a lack of government backing

Jumbo Loan Options at Associates Home Loan

At Associates Home Loan, we offer jumbo loan options across the Sunshine State to help you get financing that fits your goals. We work with:

Self-Employed Borrowers

Freelancers, entrepreneurs, and small business owners: we understand that not all income fits neatly into a W-2. We evaluate your complete financial picture using tax returns, profit-and-loss statements, and other documentation that reflects your true earning power.

Bank Statement Borrowers

Don’t have traditional income verification? No problem. Many of our loans allow you to qualify based on your recent deposit history instead of pay stubs or tax returns.

Buyers of Investment Properties

Purchasing a high-value investment home or multi-unit property? We help investors secure jumbo financing with terms that align with long-term income and property appreciation strategies.

High-Net-Worth Individuals with Irregular Income

Retirees, commission-based earners, or those living off assets like stocks or trusts can qualify using asset depletion methods or liquid reserve calculations.

Recent Career Shifters or Relocators

Just moved to Florida or changed industries? We work with borrowers who may not yet show stable W-2 income but have strong financials overall.

Closing Costs and Fees

Expect similar closing costs to other mortgage loan types, somewhere around 2–5% of the loan amount. That includes:

• Loan origination fees
• Appraisal and inspection
• Title insurance and attorney fees
• Escrow charges

Because of the larger loan amounts, budgeting for closing is key to avoiding surprises.

Is a Jumbo Mortgage Right for You?

Find Out What You Qualify For Today!

If your home loan needs exceed the FHFA’s maximum loan amount, a jumbo mortgage could be the right move.

At Associates Home Loan, we specialize in helping Florida borrowers—especially those with unique financial situations—navigate jumbo loan options with confidence.

Ready to get qualified? Contact us today to apply or get pre-approved.

FAQs About Jumbo Loans in Florida

Do jumbo loans require mortgage insurance?

Largely, but not always. Unlike FHA or conventional loans, some jumbo loans avoid PMI with a 20%+ down payment and may come with higher interest rates.

Are jumbo loan limits the same in every state?

No. Loan limits vary by state and county. Florida follows FHFA limits unless classified as a high-cost area.

Can I get a jumbo loan for a second home or investment property?

Yes, but expect stricter underwriting and possibly higher reserve requirements.

Does Veterans Affairs (VA) offer jumbo loans?

VA loans can go above conforming limits, but they follow different rules than conventional jumbo loans.

What if I’m just over the limit? Any alternatives?

Consider a piggyback loan (80/10/10) or buying down the price to stay within conforming limits. Our loan specialists can help you find the right product for your loan.