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Jumbo Mortgage Loans With 10% Down Payment Florida

5% Down Payment Jumbo Mortgage Loans For Florida

What is a 5% Down Payment Jumbo Mortgage Loan?

A 5% Down Payment Jumbo Mortgage Loan is a loan that is above the conventional loan limits and is called a Jumbo Mortgage Loan. This loan 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.

5% Down Payment Jumbo Mortgage Loan Options

  • 5% Down on Owner Occupied Properties.
  • 10% Down Payment on Second Homes.
  • 10% Down Payment on Condos.
  • VA Jumbo Home Loans.

What are the requirements for getting a 5% Down Payment Jumbo loan in Florida?

  • 680 minimum credit score.
  • 4 months reserves.
  • Florida properties only on condos, single-family homes, and townhomes.
  • 4 year waiting period for prior short sales, and bankruptcies.
  • 50% maximum DTI.
  • 5% down payment can be gifted from a relative.
  • Bank Statements as Income loans are Available.

Why Should You Choose Us For Your Florida Jumbo Mortgage Loan?

Are You Concerned You May Not Qualify for a 5% Down Payment Jumbo Mortgage Loan Because?

  • Debt to Income Ratio is too High.
  • Credit Scores are a little Too Low, not to worry we can do a Rapid Rescore.
  • Prior Foreclosures, Short Sales or Bankruptcies.
  • Prior Mortgage Late Payments.
  • Don’t have Enough Reserves.


Not to worry our Loan Officers overcome these problems all the time, We know the Florida 5% Down Payment Jumbo Loan Business and can Close Easy, Complex and Tough Deals.

We do this by utilizing our “Outside The Box Thinking” to get you pre-qualified for the maximum loan amount possible while keeping your down payment and closing costs as low as possible.

Don’t just take our word for it, Check out what our Prior Clients have to Say About Us.

Can you get a Florida Jumbo Mortgage Loan with only a 5 Percent Down Payment?

Yes, you can for primary residence purchases!

Do you have to pay Monthly Mortgage Insurance (PMI) on a 5 Percent Down Payment Jumbo Loan In Florida?

No, mortgage insurance is not required for our 5% down payment jumbo mortgage loans!

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