Home Loan Programs Jumbo Loans
High-Balance Financing

Jumbo Loans —
think bigger.

Florida's luxury and coastal markets demand financing that keeps pace. Our jumbo programs offer competitive rates, flexible structures, and fast closings for high-value purchase and refinance transactions above conventional conforming limits.

10%*
Minimum Down Payment
680+
Minimum Credit Score
$3M+
Loan Amounts Available
14 days*
Average Close Time*
Great if you…
Jumbo is likely your best fit
  • Are buying a luxury, coastal, or high-value home in Florida
  • Need a loan above $832,750 (2026 conforming limit)
  • Have a credit score of 680 or higher
  • Have strong liquid assets and verifiable income
  • Are purchasing a second home or vacation property in Florida
  • Want access to large loan amounts with competitive interest rates
Consider alternatives if…
Other programs may serve you better
  • Your loan amount is within conforming limits — conventional rates may be lower
  • You are self-employed with complex income — Non-QM jumbo may offer more flexibility
  • You are buying an investment property — DSCR or commercial financing may be better
  • You need speed over loan size — Private Money lending closes faster for the right deal
Program Details

Everything you need to
know about jumbo loans.

Down Payment Tiers

Jumbo down payment requirements scale with loan size and borrower strength. Strong borrower profiles can access 10% down programs at competitive pricing*; larger loans generally require more equity at origination.

  • 10% down* up to $1.5M for 720+ credit scores
  • 15%–20% down* for $1.5M–$2.5M range
  • 20%–30% down* for loans above $2.5M
  • Reserve requirements: typically 12–24 months PITI
Loan Structures & Rates

Jumbo rates are priced independently of conforming benchmarks and can be highly competitive for strong profiles. Fixed and adjustable structures are both available, with ARMs often popular for shorter holding periods.

  • 30-year fixed, 15-year fixed available
  • 5/1, 7/1, 10/1 ARM options with rate caps
  • Interest-only jumbo available for select profiles
  • Rate buy-down available to reduce initial payment
Property Types

Jumbo financing covers the full range of Florida luxury real estate. From waterfront single-family to high-rise condos, we have solutions across property types and occupancy classifications.

  • Primary residences and second/vacation homes
  • High-rise and luxury condos — including non-warrantable
  • Single-family, estate, and custom-built properties
  • Investment properties (with higher down payment)
Income & Asset Requirements

Jumbo underwriting is manual and holistic. Strong liquid assets, consistent income history, and low debt-to-income ratios all matter. Business owners and executives may qualify with 1–2 years of returns.

  • DTI typically capped at 43%–45%
  • 2 years W-2 or self-employed with tax returns
  • 12–24 months reserves required depending on loan size
  • Asset depletion income calculation available for retirees
How It Works

Your jumbo loan
with Smart Mortgage.

01
Jumbo Pre-Approval

We manually review your income, assets, and credit profile against jumbo guidelines and provide a pre-approval letter. Luxury sellers and their agents expect thorough pre-approval — ours holds up to scrutiny.

02
Appraisal Strategy

Jumbo appraisals require licensed appraisers with local luxury market expertise. We order from our vetted panel immediately and can often arrange accelerated turnaround in competitive markets.

03
Manual Underwriting

Jumbo loans require full manual underwriting. Our senior underwriters are experienced with high-balance files and complex income structures — keeping your file moving rather than stalling on documentation requests.

04
Smooth Closing

We coordinate with luxury real estate agents and high-end title companies regularly. Our average jumbo close is 14–17 days* — typically faster than industry timelines for comparable high-balance loans.

FAQ

Common jumbo loan
questions answered.

Any loan amount above the 2026 conforming limit of $832,750 in most Florida counties is considered a jumbo loan. In high-cost counties (Monroe County, the Florida Keys) the threshold is $990,150. These loans are not purchased by Fannie Mae or Freddie Mac and carry their own qualification standards.
Most jumbo lenders require a minimum credit score of 700–720, with the most competitive pricing typically available to borrowers at 740+. Stronger credit profiles unlock higher loan amounts and lower down payment requirements.
Jumbo down payments typically range from 10%–20% depending on loan amount and borrower profile. Some programs allow 10% down* up to $1.5M for strong credit borrowers. Larger loan amounts generally require 20%–30% down.
Yes. Jumbo financing is available for primary residences, second homes, and vacation properties in Florida. Investment property jumbo loans are also available with higher down payment requirements (typically 25%–30%).
Client Story

Real results for
real borrowers.

★★★★★
5.0 ★ · Consistent 5-star reviews on Google

Ready for high-balance financing done right?

Fast pre-approvals, competitive rates, and a team that understands Florida's luxury market.