Miami Jumbo Loans, Great Jumbo Rates!
What is a Miami Jumbo Loan?
A Miami Jumbo loan otherwise known as a Miami Jumbo Mortgage is a loan that’s above the conventional conforming loan limits. This limit is set by Fannie Mae and Freddie Mac, who purchase loans from lenders. If a loan amount is higher than $484,350, 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.
Miami Jumbo Down Payment Options
- 5% Down Payment for Owner-Occupied.
- 10% Down Payment on Second Homes.
- 10% Down for Condos.
- 25% on Investment Properties.
5% Down Payment Jumbo Loan Requirements
- 680 Credit Scores.
- $3,000,000 Loan Amounts.
- Little or Low Reserves Required.
- No waiting period for Prior Foreclosures and BK’s options are available.
- Up to 50% Debt to Income Ratios.
- Gift Funds ok.
- Co-Signers ok.
- First Time Home-Buyers Ok.
- Bank Statements as Income Loans are Available.
Why Should You Choose Us For Your Miami Jumbo Loan?
- Read what our Prior Clients have to Say About Us.
- Our Jumbo Loans have No Monthly PMI.
- We work for You & Not the Bank.
- Loan Options for Everyone.
- We have the Best 30 Year Fixed Mortgage Rates.
- “We Think Outside The Box“
- Our E Zip Mortgage gets loans Approved & Closed Fast (as little as 30 days).
- One-Year Tax Returns & Asset-Based Loans.
- Bank Statements as Income Loans are Available.
- We can do a Piggyback 2nd Mortgage to help get your loan approved.
Are You Concerned You May Not Qualify for a Jumbo Loan Because?
- Debt to Income Ratio is a little too High.
- Credit Scores are a little Too Low, Not to Worry we are masters at analyzing your credit report and doing a Rapid Credit Rescore.
- Your Self Employed and you write off a lot of Expenses.
- Prior Foreclosures, Short Sales or Bankruptcies.
- Don’t have Enough Reserves.
Not to worry our Loan Officers overcome these problems all the time, We know the Florida Mortgage 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.
Current Miami Jumbo Mortgage Rates
When you “click here” you’ll instantly see today’s lowest rates. If you see an interest rate you like, you can click to head straight to get your custom rate quote.
How to Get the Best Miami Jumbo Mortgage Rates
Start with the “Loan Purpose” box and fill out the other fields in our request rate quote tool to get the most accurately personalized quote.
Miami Mortgage Interest Rates on Demand
When you “click here” you’ll instantly see today’s lowest rates that we have selected from a variety of our mortgage lenders. If you like the interest rates you see, then you can click to head straight to get your custom rate quote.
Can you get a Miami Jumbo Loan with a 5% Down Payment?
Yes, you can for primary residence purchases!
Do you have to pay mortgage insurance on a 5% Down Miami Jumbo Loan?
No, mortgage insurance is required for our 5% down Miami jumbo mortgage Loan.