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florida jumbo loan
Florida Jumbo Loan Experts - Jumbo Loans To $20,000,000
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If you are buying or re-financing where home prices are often over $417,000, call our Florida Mortgage Corporation loan professional about our vast array of Florida Jumbo Loan programs and Super Jumbo loans. Both fixed and adjustable rate loans are available — some up to $20,000,000! A Florida Jumbo loan is any residential mortgage with a loan amount of $417,000 or greater. Rates on jumbo loans tend to be slightly higher than loans of a lesser value, because jumbo loans generally have a higher risk on these loans. We also offer combination loans that eliminate private mortgage insurance (PMI) requirement by dividing your total financing into a first and second mortgage, also called 1st and 2nd lien. For example, you may qualify for a 80/15/5 loan, which would finance 80% of your home’s cost with a 1st lien and 15% with a 2nd lien — with just 5% down!
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