10% Down Florida Jumbo Mortgage Loan Financing Requirements
- 10% Down Payment & 90% loan to value for owner occupied.
- 15% Down Payment Investment Jumbo Mortgage Loans 65% loan to value.
- $3,000,000 maximum loan amount.
- $10,000,000 Super Jumbo Max loan amount.
- We offer competitive 15 & 30 Year Fixed and Adjustable Mortgage Rates.
Have you been turned down for a Florida Jumbo Mortgage loan because;
- You own too many properties.
- You have more than 10 properties with mortgages.
- Credit scores are a little too low.
- Foreclosure or a Bankruptcy over 4 years ago.
- Prior loan modifications.
Not to worry we close these types of loans all the time, we know the Mortgage Business and can Close Easy, Complex and Tough Deals. We do this by utilize our years of experience and "Outside The Box Thinking" to get buyers pre-approved for the maximum loan amount possible while keeping their down payment and closing costs as low as possible.
If you don't meet the strict jumbo underwriting guidelines we can solve this by doing a conforming loan up to $424,100 and then do a Second Mortgage for the difference and this also eliminates the mortgage Insurance for Jumbo Mortgage Loans.
President Senior Loan Officer
First Florida Financial Group, LLC