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jumbo loan florida
Florida Jumbo Loan Specialists - Jumbo Loans Up To $10,000,000
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Florida's Premier Jumbo Lender Since 1989 If you are buying or re-financing where home prices are over $417,000, talk to your Florida Mortgage Corporation loan professional consultant about our large array of Florida Jumbo Loan programs and Super Jumbo loans. Both fixed and adjustable rate loans are available — some up to $10,000,000! A Florida Jumbo loan is any residential mortgage with a loan amount of $417,000 or greater. Interest 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 your 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! These loan programs may also enable you to qualify for a lower interest rate.
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