Jumbo Loans in Florida: How to Finance a Home Above $806,500 (2026)
Jumbo loans in Florida are mortgages above the 2026 conforming loan limit of $806,500 for a single-family home. They do not conform to Fannie Mae or Freddie Mac guidelines, which means lenders set their own underwriting standards. In South Florida, where much of the prime market trades above $1 million, jumbo loans are common transactions.
Jumbo loan qualification requirements
- Minimum credit score: 700–720 (most lenders); 740+ for the best rates
- Down payment: typically 10–20% depending on loan size and lender
- DTI ratio: maximum 43–45% for most jumbo programs
- Cash reserves: 6–18 months of mortgage payments in liquid assets post-closing
- Full income documentation: W-2s, tax returns, or bank statements (bank statement jumbo available)
Jumbo loan rates in Florida 2026
Jumbo rates have historically been at or below conforming rates in periods of strong institutional demand. In 2026, the spread between jumbo and conforming is narrow. A 740+ score borrower at 20% down can expect jumbo rates to closely track conforming rates, sometimes within 0.125–0.25%.
Super jumbo loans in South Florida
Purchases above $3 million require “super jumbo” programs. These typically require 20–30% down, 720+ credit, 12+ months cash reserves, and full documentation. Portfolio lenders (banks that hold loans on their own books) are the primary source for super jumbo financing above $5 million.
Best South Florida markets for jumbo buyers
Virtually all of Palm Beach Island, Boca Raton’s luxury corridor, Jupiter, and the waterfront markets in Broward and Miami-Dade trade in jumbo territory. Mortgage Capital offers jumbo and super jumbo programs for South Florida buyers.
For personalized guidance on buying or selling in South Florida, contact the team at Pure Equity Realty. We serve Palm Beach, Broward, Miami-Dade, St. Lucie, and Highlands counties with expert representation and a 1% listing fee.
Onias Derilus is the Broker/Owner of Pure Equity Realty, a South Florida brokerage specializing in 1% listing commissions and free buyer representation across Palm Beach, Broward, Miami-Dade, St. Lucie, and Highlands counties. He holds an NMLS mortgage originator license and founded Mortgage Capital and Verified Title to serve clients through every step of the transaction.