Jumbo with 5 down Florida
The Florida Jumbo market is heating up and the days of having to put down a huge down payment are over. Jumbo Loans with as little as 5% are now available to borrowers who do not have a twenty percent down payment. Loans with only 5% down are now available in a single loan to 95% or a first and a second combination mortgage. These loans are available for the purchase of a new home or to refinance a current mortgage.
Jumbo loans are defined as any loan that exceeds the conforming limit determined by Fannie Mae and Freddie Mac. Currently the max conforming loan limit is $424,100. If you need mortgage financing over this amount then you are in Jumbo guidelines in the state of Florida.
This program allows the borrower to finance up to 95% of the purchase price with No Mortgage insurance. You can choose a fixed or an adjustable interest rate on this program. Before borrowers had to go to one of the big banks to get a Jumbo loan but that is no longer the case. Why wait in processing for 60-90 days when you can close in under 30 days.
To Explore this 5% down option call 813.629.5478 or fill out the form on this page.
Other Jumbo Programs:
Bank Statement Jumbo Programs
1 year Tax return Jumbo Programs
Asset based qualification
85% Jumbo with NO MI near conforming rates (we beat the big banks)
Our user-friendly calculator puts you in charge of estimating your mortgage payment.