Jordan Vreeland
Licensed Mortgage Broker · NMLS #795404
Florida's luxury and high-cost markets regularly push past the $806,500 conforming limit. Jumbo financing doesn't have to mean a slow, complicated process.
The Basics
Every year, the Federal Housing Finance Agency sets a maximum loan amount that Fannie Mae and Freddie Mac will purchase. That ceiling is called the conforming loan limit. For 2026, it's $806,500 for a single-family home in most Florida counties. Monroe County, which covers the Florida Keys, is higher at $967,150.
Once your loan amount crosses that threshold, it's classified as a jumbo loan. Jumbo loans aren't purchased by Fannie or Freddie. They're held on a lender's books or sold in private markets, which is why the qualification standards are tighter. Lenders carry the full risk on these loans, and they price that risk accordingly.
The difference between a $806,000 loan and an $807,000 loan is one dollar. But the underwriting requirements are entirely different. Read our full guide to jumbo loans in Florida for a deeper look at how they compare to conventional financing.
Florida's real estate market puts a lot of buyers in jumbo territory. Miami Beach, Palm Beach, Naples, Sarasota, South Tampa, Pinecrest, and Coral Gables all have substantial inventory above $806,500. For buyers in these markets, jumbo isn't an edge case. It's the standard product.
Second homes and investment properties in coastal markets also frequently require jumbo financing. The good news: jumbo lenders have expanded their product menus significantly. Fixed rates, ARMs, interest-only options, and multi-property programs are all available depending on borrower profile.
Qualification Standards
Jumbo underwriting is more thorough than conventional. Here's what lenders look at and what you'll need to have in order.
Self-employed borrowers should expect to provide two years of personal and business tax returns, a year-to-date profit and loss statement, and evidence that the business is ongoing. Jumbo lenders are thorough with income documentation, and this step takes longer than it does on conventional files. Getting your documentation organized before you go under contract saves time.
Florida Market Context
A significant share of Florida's coastal and affluent inland markets operate above the conforming limit. This isn't a niche situation. In South Tampa, Pinecrest, Coral Gables, Naples, and Palm Beach, the median sale price puts buyers firmly in jumbo territory.
Miami Beach, with its waterfront condos and international buyer base, sees jumbo volume that rivals many major metros. Sarasota's barrier islands, Longboat Key, and Siesta Key are similar. Even markets like Winter Park, south of Orlando, regularly produce jumbo transactions from buyers buying up from primary markets.
The Gulf Coast has seen accelerating prices since 2020. Naples, Bonita Springs, and Marco Island have all moved higher. Buyers who purchased two years ago in conventional range are now selling into jumbo territory and need jumbo financing for their next purchase.
Get a jumbo quote specific to your purchase price, county, and financial profile. We'll tell you exactly what you qualify for before you make an offer.
Jordan Vreeland's team works across Florida, including South Florida, the Gulf Coast, and the Tampa Bay market. Jumbo transactions close the same way everything else does: front-loaded documentation, upfront underwriting, and no last-minute surprises. We've closed loans in as few as 5 days. Most clients close well ahead of the industry average.
For investors looking at high-value rental properties or portfolios, there's also a related product worth knowing about. An LLC structure for investment property financing can complement jumbo financing strategies, particularly for buyers building a portfolio across multiple properties.
Loan Structure
Jumbo isn't a single product. Lenders offer several structures depending on your purchase price, timeline, and financial goals.
30-year and 15-year fixed rates available. The most straightforward option. Payment doesn't change. Good for buyers who plan to hold long-term and want predictability on a high-balance loan.
5/1, 7/1, and 10/1 ARM products. Rate is fixed for the initial period, then adjusts annually. Can make sense for buyers who don't plan to hold the property past the fixed period, particularly on luxury second homes or investment acquisitions.
Jumbo financing is available for all three occupancy types. Primary residences get the best pricing. Second homes and investment properties carry higher rates and stricter reserve requirements. Each has a distinct underwriting path.
How We Do It
Jumbo loans have a reputation for slow, painful closings. That's a documentation and workflow problem, not an inherent property of jumbo underwriting.
The industry average for jumbo closings runs 30 to 45 days, and many take longer. The delay is almost always documentation: income verification, reserve documentation, appraisal, and title. These don't have to happen sequentially.
Jordan's team runs the documentation process front-loaded. Income, assets, and reserves are verified before you go under contract. The appraisal order goes in the moment you're under contract. Title starts in parallel. The result is a closing timeline that looks nothing like the industry average. We close faster than the industry average, and we have documented proof.
For jumbo buyers who've experienced the 60-day crawl with other lenders, the difference is immediate. You'll have a real answer on your qualification before you make an offer, not a soft pre-qual that falls apart at underwriting.
Common Questions
For most Florida counties, the 2026 conforming limit is $806,500 for a single-family home. Monroe County (the Florida Keys) has a higher limit at $967,150. Any loan above your county's limit is a jumbo loan and requires jumbo underwriting standards.
Most jumbo products require 10–20% down on a primary residence, depending on loan size and lender guidelines. Second homes typically require 15–20%. Investment properties usually require 20–25%. Some programs allow 10% down on primary residences up to certain loan amounts, but reserve requirements are higher.
Most jumbo lenders set 720 as the floor, and the best rates go to borrowers at 740 or above. There's no government backing on jumbo loans, so lenders set their own standards. A 700 credit score that qualifies for FHA will not qualify for jumbo.
No. Most jumbo products don't require PMI, even with less than 20% down. This is one of the key differences from conventional financing. On a high-balance loan, the absence of PMI can save you several hundred dollars per month.
Yes. Jumbo financing is available for primary residences, second homes, and investment properties. The down payment and reserve requirements are higher for non-owner-occupied properties. Investment properties may also have a higher interest rate than primary residence jumbo loans.
The industry average runs 30–45 days for jumbo closings, and many take longer. Our process is built to beat that. When documentation is complete and submitted upfront, and appraisal is ordered immediately at contract, there's no reason a clean jumbo file needs to take 45 days. Individual results vary based on appraisal, title, and borrower circumstances.
Individual results may vary. Closing timelines depend on factors including appraisal, title, inspection, and borrower circumstances. 14 Days To Close does not guarantee a specific closing date.
Get a jumbo loan quote and find out exactly what you qualify for, which program fits your purchase, and what your real monthly payment looks like.