Can You Get a Jumbo Loan With 5 Percent Down!

We Specialize and are Experts at 5% Down Florida Jumbo Mortgage Loans!

5% Down Jumbo Florida Mortgage Loan Financing Requirement

• 5% Down Payment & 95% 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.

Borrower Jumbo Requirements

• 760 minimum credit score
• 12 months reserves (borrower’s own funds)
• 35% maximum DTI
• Minimum down payment of 5% (must be borrower’s own funds)
• 95% LTV/CLTV on loan amounts up to $1 million without mortgage insurance on a 1 unit, owner occupied purchase or rate and term refinance.

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.

Eddie Hoskins

President Senior Loan Officer

877-424-4562

NMLS #238609

First Florida Financial Group, LLC

NMLS#239318