5% Down Jumbo Loans

What Is a Jumbo Loan?

Jumbo Loan is a loan that is above the conventional loan limit set by Fannie Mae and Freddie Mac, who purchase loans from lenders. If the loan amount is higher than $510,400 then it is considered a Jumbo Loan.

Requirements for getting a 5% Down Payment Jumbo Loan

  • The borrower’s credit score should be 700 minimum to be eligible.
  • No Mortgage Insurance Required.
  • Maximum loan amount 1,000,000.
  • Standard full amortized (principal and interest) program terms available. This includes 15 and 30 yr fix and adjustable 5-1, 7-1, 10-1 ARM’s.
  • 6 to 12 reserves are required.
  • This program is available for single-family residential housing (regular houses, townhomes, and condominiums).  Multi-unit, vacant land, and commercial properties are not eligible.
  • Debt to income is limited to 43%.
  • No BK, Short-Sales, or Foreclosures in the previous 7 years.
  • 12-month waiting period loan options available for prior BK, Short-Sales, or Foreclosures with 660 scores 80 LTV up to $1,000.000.
  • Gift funds, co-signers, and first-time home-buyers are allowed.
  • Self-Employed borrowers may want to take advantage of our bank statement loans.
  • 90% loan to value options available up to $2,000,000 

Comparing Current Florida Jumbo Mortgage Rates

Finding the lowest Florida jumbo mortgage rates is very important, that’s why we’ve already searched them for you, getting the lowest rate possible could save you hundreds of dollars a year and thousands of dollars over the life of your loan. Yes, having us find you the best mortgage rates is a big deal.

Current Florida Jumbo Mortgage Rates

When you “CLICK HERE” you’ll instantly see today’s lowest Florida jumbo mortgage rates. If you see an interest rate you like, you can click to head straight to get your custom rate quote.

Our reviews speak for themselves.

Expert advice at your fingertips

Our home loan experts are available 7 days a week to answer all your home loan questions. We don’t keep bankers hours…. we understand that you have busy schedules, that’s why we’re available nights and weekends.

Eddie Hoskins Founder & CEO

“My mission is to give our clients their most enjoyable home buying experience, I’m focused on making sure there process is simple.”

Why should you choose us for your home loan?

We work for you & not the bank, we offer wholesale mortgage rates which are lower than retail rates not to mention, we offer a wide variety of loan options so your not stuck with one set of restrictive underwriting guidelines.

Credit scores a little low?

We have a credit score analyzing tool that can provide us with options to improve your credit scores quickly through a rapid credit rescore that usually takes 48 hours.

“We Think Outside The Box”

Our “Outside The Box Thinking”  gets home loans approved and closed every day! From one-year business tax returns loans to 55% debt to income ratio approvals, we close them all.

We’ve streamlined the mortgage process, close in 30 days or less.

From application to closing, all from the palm of your hand.

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