Loan Programs · Buying a home

Jumbo financing for South Florida's higher price points

In Boca Raton, Parkland, Fort Lauderdale and Miami, many homes are priced above the conforming loan limit. A jumbo loan finances those purchases. We match you with jumbo options that fit your income, assets and the property.

Jumbo Loans explained

A jumbo loan is a mortgage above the conforming loan limit set by FHFA. In Palm Beach, Broward and Miami-Dade counties, the 2026 one-unit limit is $832,750, so a single-family loan above that amount is a jumbo. Because Fannie Mae and Freddie Mac do not buy these loans, each lender or investor sets its own guidelines for credit, down payment, reserves and property type. Jumbo loans are available for primary homes, second homes and, with some lenders, investment properties, subject to credit approval and program guidelines.

Who it fits

  • Buyers of homes in Boca Raton, Parkland, Fort Lauderdale or Miami above the conforming limit
  • Second-home buyers purchasing a seasonal South Florida residence
  • Professionals and business owners with strong assets and documented income
  • Owners refinancing a larger existing loan
  • Buyers of waterfront or luxury condos

Florida specifics

  • The 2026 conforming limit in Palm Beach, Broward and Miami-Dade is $832,750 for one unit, so jumbo financing starts above that.
  • Waterfront homes often carry higher flood and wind insurance costs, which lenders count in qualifying.
  • Luxury condo buildings are reviewed for reserves, insurance and any special assessments, especially under Florida's newer condo safety laws.
  • Many jumbo buyers are relocating from other states. Florida's lack of a state income tax does not change how income is documented, but it can change your overall budget.

How it works with Justin

  1. We review your income, assets and reserves, and talk through your plans for the property.
  2. We compare jumbo options from different investors, including fixed and adjustable structures.
  3. Under contract, a full appraisal (sometimes two, depending on loan size) is ordered.
  4. Underwriting reviews income, assets and the property, then issues final approval for closing.

Documents to gather

  • Two years of tax returns, W-2s or business returns
  • Recent pay stubs or year-to-date profit and loss
  • Several months of bank, brokerage and retirement statements
  • Details on all real estate owned
  • Explanation of any large deposits

Things to consider

  • Jumbo lenders often require larger reserves than conforming loans.
  • Guidelines vary by investor, so one lender's no may be another's yes.
  • Some loans just above the limit can be structured as a conforming first mortgage plus a second, which may or may not be better for you.
  • Appraisals on unique or waterfront homes can take longer.

Share a few details and Justin will tell you whether Jumbo fits, with real numbers for your loan.

Jumbo Loans: common questions

What counts as a jumbo loan in Boca Raton?

In 2026, a one-unit loan above $832,750 in Palm Beach County is a jumbo loan. Broward and Miami-Dade counties use the same limit.

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

It depends on the investor, the loan size and the property. Many jumbo programs ask for more down than conforming loans, and requirements rise for second homes and larger loans. We compare options so you can see the trade-offs.

Do jumbo loans require cash reserves?

Usually, yes. Lenders often want to see several months of mortgage payments left in savings or investment accounts after closing, and more for larger loans. Retirement and brokerage accounts can often count toward reserves.

Can I get a jumbo loan for a second home in Florida?

Yes, many jumbo programs allow second homes. Expect somewhat stricter down payment and reserve requirements than for a primary residence.

Can self-employed borrowers get a jumbo loan?

Yes. Traditional jumbo loans use tax returns, and some non-QM jumbo programs use bank statements instead. We look at which approach shows your income best.

Related loan programs

  • Conventional Loans — Conventional home loans for South Florida buyers and owners: 2026 conforming limits for Palm Beach, Broward and Miami-Dade, down payment and PMI basics.
  • Bank Statement Loans for the Self-Employed — Bank statement mortgages for self-employed Florida borrowers: qualify on deposits instead of tax returns. How income is figured and what to prepare.
  • Bridge Loans — Bridge loans for South Florida buyers who want to buy before they sell: use equity in your current home, make a stronger offer and avoid moving twice.
  • Foreign National Loans — Mortgages for foreign nationals buying in South Florida: no U.S. credit history needed with some lenders, documents to prepare and Florida rules to know.

South Florida areas where it fits

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