Florida Jumbo Loan- Up to $15M

May 29, 2026

Jumbo mortgages aren’t all the same. With over 200 wholesale lenders at our disposal, we shop for the best product, the best rate, and the right structure for your luxury or high-value Florida purchase. Up to $15M with exception, 10% down options, 650 FICO floor.

Get Pre-Approved in 24 Hours

Call Keith: 352-619-4959

10% Down

As low as 10% down possible with 720+ FICO and strong asset reserves. 20% removes mortgage insurance entirely

660+ FICO

Typical jumbo minimum. 740+ unlocks the best pricing tier and lowest interest rates

Up to $15M

Standard cap is $4,000,000. With exception we can go up to $15,000,000 — we have lenders for both luxury and ultra-luxury price points.

Above $832,750? Jumbo Opens the Door

Conventional and FHA loan limits cap at $832,750 in most Florida counties for 2026 (up to $1.249M in coastal high-cost areas). For higher-priced homes – which describes most of coastal Florida these days – jumbo financing is the only path. We do jumbo loans up to $4 million with 10 to 20 percent down, competitive rates, and the same underwriting experience we’d give you on a conforming conventional loan. Bigger home, same lender experience, no shopping a separate jumbo specialist.

Jumbo Loans Are Often Used in Florida to Purchase Luxury Real Estate — Learn Your Options

When it comes to financing a luxury property, a jumbo loan can be a crucial tool to make that dream come true. Jumbo loans are defined by exceeding the conforming loan limits set by the Federal Housing Finance Agency (FHFA). As of 2026, the conforming loan limit for most counties is $832,750. Jumbo loans come with their own specific guidelines to navigate. This makes it essential to work with an experienced mortgage loan originator and a brokerage that has multiple outlets. Here are some of our key highlights.

We have options with as little as 10% down
Max loan amount of $4,000,000 — and up to $15,000,000 with exception
Options with credit scores down to 650
No max cash in hand amounts when refinancing for cash out
Reserves requirements can be met with cash in hand from doing a cash-out refinance
No reserve requirements for loan-to-values at 75% or less
In some cases appraisals can be transferred

Why Rate Sensitivity Matters for Jumbo Borrowers

Borrowers seeking a Florida jumbo loan are often highly sensitive to interest rates because even small fluctuations can significantly impact monthly payments and overall loan costs. For instance:

A 0.25% difference in interest on a $1,000,000 loan can result in thousands of dollars in savings or additional costs over the life of the loan
Rate sensitivity is particularly critical for those with tight budgets, as larger loan balances amplify the effects of rate changes
Shop your interest rate — the best thing you can do when applying for jumbo financing is shop for the best rate and closing costs
Buying down your rate could make sense

This underscores the importance of finding the most competitive rate and loan terms available. When choosing to buy down your interest rate, it’s smart to consider that rates may go down. When buying down your interest rate, you need to look at the monthly savings and see how long it takes to recoup those funds. A refinance opportunity may happen quicker or later than anyone expects.

What’s the Advantage of Using a Mortgage Brokerage?

We have over 200 wholesale lenders at our disposal. If you call up a bank, they’re going to have their options — and their options alone. We have the options from multiple jumbo lenders to fit you with the right mortgage for your needs. Oftentimes it can mean the difference between getting approved or not.

Access to Competitive Rates: As a mortgage broker, we shop for the best rates for our clients.
Unique Loan Products: Wholesale lenders often offer specialized programs that cater to different financial situations, such as flexible income verification methods or unique property types.
Streamlined Process: A broker handles the legwork of comparing loan options and managing paperwork, saving borrowers time and effort.

Flexible Income Verification Options

A key benefit of working with a broker is access to flexible income verification methods. This is particularly helpful for Florida jumbo loan borrowers with non-traditional income sources, such as self-employed professionals or real estate investors.

Bank Statement Loans for Self-Employed Borrowers: These loans rely on bank deposits instead of tax returns to verify income, making them ideal for self-employed individuals whose taxable income may not reflect their true earnings.
DSCR Loans for Real Estate Investors: Debt Service Coverage Ratio (DSCR) loans assess the cash flow generated by an investment property to qualify borrowers. This eliminates the need for personal income verification and focuses solely on property performance.
Traditional Financing for the Best Rates: Borrowers with verifiable W-2 income or self-employed tax returns and strong credit profiles can opt for traditional financing, which typically offers the lowest interest rates and most favorable terms.

Why Choose Black Rock Mortgage?

A jumbo loan isn’t one-size-fits-all. Lenders price them differently and verify income differently, and on a million-dollar loan the spread between the best option and the worst is real money — sometimes the difference between an approval and a decline. That’s exactly why a broker beats a single bank on a loan this size. Here’s what you get working with us:

Your loan processor matters — an experienced one keeps the file moving and won’t ask you for the same document three times
200+ wholesale lenders to shop, including specialty jumbo programs a bank can’t offer
Bank statement jumbo programs for self-employed borrowers
DSCR options for investors buying luxury rentals
Cash-out refinance with no cap on cash in hand
Reserve requirements that can be covered straight from your cash-out proceeds
Rate-buydown math with a real break-even, so you know if paying points actually pays off
24-hour pre-approval on weekdays so you can make offers with confidence

Financing a loan this size is a big deal, and you shouldn’t hand it to just anyone. Our goal is to earn your trust first, then earn your business. Got questions? Reach out and we’ll walk you through your options.

Why Jumbo Works for Florida’s High-Priced Markets

When a home runs past the conforming limit – $832,750 in most of Florida, up to $1.249M in the high-cost coastal counties – jumbo is the only way to finance it.

You don’t need 20% down. With a 720+ score and solid reserves we can do a jumbo with as little as 10%.

Primary home, second home, or investment property – jumbo covers all three, not just your primary like FHA and VA.

Planning to sell or refinance in a few years? A 5/6, 7/6, or 10/6 ARM can shave your rate for the time you’ll actually hold the loan.

Big loans usually get underwritten by hand. That means I walk your file through personally instead of leaving it to an automated yes-or-no.

We close these up and down the coast – Naples, Marco Island, Key West, Marathon, Miami Beach – all the time.

Frequently Asked Questions About Jumbo Loans in Florida

$832,750 for most Florida counties as of 2026. Anything above that amount is classified as a jumbo loan and goes through a different lender pool with different guidelines than conforming Fannie Mae / Freddie Mac mortgages.

We have programs with as little as 10% down for qualified borrowers. Down payment requirements increase as loan amount, occupancy type, and credit profile change — but 10% is the floor for our most flexible jumbo products.

Credit score options go down to 650. Most jumbo lenders cut off at 700-720, but we have programs that will take 650+ with the right structure. Lower scores typically mean higher rates or larger required down payments.

Standard cap is $4,000,000. With exception we can place loans up to $15,000,000 — those go to specialty ultra-luxury lenders with their own underwriting overlays and pricing. If you’re shopping in that range, reach out and we’ll line up the right lender for the file.

Yes. We offer bank statement programs that use your business deposits to verify income — no tax returns required. This is ideal when your taxable income on paper doesn’t reflect your real earnings due to write-offs and depreciation. We also have DSCR options for real estate investors.

At 75% LTV or below, no reserves are required. Above 75% LTV, reserves vary by lender and program — typically 6 to 12 months of PITI. On a cash-out refinance, you can satisfy the reserve requirement with the cash in hand from the cash-out itself.

You pay points upfront in exchange for a lower interest rate over the life of the loan. The math you want to run is the break-even — how many months until your monthly savings equal what you paid in points. If rates drop and you refi before break-even, the buy-down doesn’t pay off. We’ll model the break-even for your specific scenario.

A bank can only offer their own products. As a broker we have 200+ wholesale lenders to shop, which gives you access to specialty jumbo programs banks don’t have — bank statement loans, DSCR loans, asset-depletion programs, and ultra-luxury jumbo products. Different lenders also price differently on the same scenario, so shopping multiple is how you get the best rate.

About the Author

Keith Meredith

Division President, Black Rock Mortgage
NMLS 303217 · 16+ years originating · $100M+ in mortgages closed

Keith Meredith is a 16 year mortgage industry expert who has originated over $100,000,000 in mortgages. Headquartered in Ocala, Florida, Keith runs Black Rock Mortgage as a division of Coast 2 Coast Mortgage, a lender licensed in 40 states. Keith specializes in manufactured home financing, self-employed mortgages, VA construction loans, and helping first-time buyers navigate FHA, USDA, and conventional programs. He creates written and video content to help borrowers understand their financing options.

Call or text directly: 352-619-4959 · Follow Keith on X, Facebook, Instagram, and LinkedIn

Get a No-Hassle Jumbo Loan Pre-Approval

Send us your scenario — purchase price, down payment, FICO, and how you verify income. We’ll shop our 200+ wholesale lenders and bring back the best rate, structure, and program for your file. On weekdays we review applications within 24 hours or less.