Jumbo Loan Miami FL | Luxury Home Financing

Above the Conforming Limit

Miami's luxury market — Coral Gables, Coconut Grove, Key Biscayne, and Miami Beach estates — regularly requires financing well above the 2026 conforming limit of $832,750. Jumbo loans are non-conforming mortgages sold directly to private investors rather than Fannie Mae/Freddie Mac, which gives lenders flexibility on structure but tightens credit requirements.

For Miami buyers purchasing above the conforming limit, jumbo financing is the path forward. Nick works with multiple wholesale jumbo lenders to find competitive rates — often with better pricing than retail bank branches can offer on the same loan.

The Miami Luxury Landscape

$832,751+

Starting loan amount

10–20%

Typical down payment

700+

Minimum credit score

Median sale prices in Coral Gables, Coconut Grove, and Key Biscayne frequently exceed $2M. Nick works with lenders offering jumbo programs from $832,751 to $5M+, including interest-only options for qualified borrowers and non-warrantable condo financing for high-rise units.

How to Qualify

✓ Loan amount above $832,750 (Miami-Dade County conforming limit)

✓ Credit score 700+ (720+ for competitive rates)

✓ 10–20% down depending on loan amount and lender

✓ 12–24 months reserves typical

✓ Full income documentation (W-2/tax returns) or bank statement alternatives available

✓ Primary residence, second home, or investment property eligible

Jumbo Loan FAQ — Miami

What is a jumbo loan in Miami? +

A jumbo loan is any mortgage above the 2026 conforming loan limit of $832,750 for Miami-Dade County. These loans are sold to private investors rather than Fannie Mae or Freddie Mac, which means lenders set their own guidelines — typically tighter credit and larger reserves.

How much do I need to put down on a Miami jumbo loan? +

Most jumbo lenders require 10–20% down depending on loan size. At 10% down, expect stricter credit requirements (740+ score). At 20% down, more programs become available and rates improve.

Are bank statement jumbo loans available in Miami? +

Yes. Self-employed buyers who can't use conventional income documentation have access to bank statement jumbo programs that qualify on 12–24 months of deposits. Available for primary residence and second homes.

Do you offer jumbo loans for Miami second homes? +

Yes. Second home jumbo financing is available for Coral Gables, Coconut Grove, Key Biscayne, and other Miami luxury communities. Down payment requirements are typically the same as primary residence jumbo.

Jumbo Loans in Miami, FL

Above the Conforming Limit

The Miami Luxury Landscape

How to Qualify

Estimate Your Jumbo Payment

Jumbo Loan FAQ — Miami

Get Your Miami Jumbo Quote