Begin your quote for a
Jumbo Home Loan
Begin your quote for a
Jumbo Home Loan
Take the first step toward the right mortgage.
Apply online for expert recommendations with real interest rates and payments.
"Lending bankers are the best mortgage company I've had the pleasure to work with. I've been in real estate for 16 years and their attention to detail with all the clients is exceptional. Both David Otero and David Comisso are very professional and always find a solution for you and your clients."
Yanet D.
“My clients experience could not have been better. David and his team far exceeded our expectations. They locked in at the lowest rate possible and when rates dropped again, they repeated the whole process and found my clients an even lower rate."
Clara S.
“It was a great experience working with Lending Bankers . Mr David was great through all the process always available, very committed to provide us what we needed. Very high recommended!!”
Soraya M.
Take the first step toward the right mortgage.
Apply online for expert recommendations with real interest rates and payments.
"Lending bankers are the best mortgage company I've had the pleasure to work with. I've been in real estate for 16 years and their attention to detail with all the clients is exceptional. Both David Otero and David Comisso are very professional and always find a solution for you and your clients."
Yanet D.
“My clients experience could not have been better. David and his team far exceeded our expectations. They locked in at the lowest rate possible and when rates dropped again, they repeated the whole process and found my clients an even lower rate."
Clara S.
“It was a great experience working with Lending Bankers . Mr David was great through all the process always available, very committed to provide us what we needed. Very high recommended!!”
Soraya M.
What is a Jumbo Loan?
Every year, the Federal Housing Finance Agency (FHFA) sets the conforming loan limits for Fannie Mae and Freddie Mac. Within those limits, it is possible to use conventional financing to purchase a home. Above those limits, one needs to qualify for a jumbo mortgage instead.
We can connect you with competitive Jumbo mortgage offers from more than 130 area banks and lenders. We also can help speed up the application process and make sure that you provide exactly the documentation you need to get a jumbo loan with affordable rates and terms. Call (786) 789-1737 or click the button below to get started now.
Do You need a Jumbo Mortgage?
To know whether you need a jumbo mortgage, you need to be familiar with the conforming loan limits that cap off conventional financing.
The limits differ from county to county, but those for Miami-Dade, Florida are the same as those for the majority of counties throughout the country:
One unit: $726,200
Two units: $929,850
Three units: $1,123,900
Four units: $1,396,800
Note that these are the 2023 conventional loan limits, which are higher than those for 2022.
That means that there are some properties which you may now be able to purchase using conventional financing which you would have needed to get a jumbo loan for last year.
Do You need a Jumbo Mortgage?
To know whether you need a jumbo mortgage, you need to be familiar with the conforming loan limits that cap off conventional financing.
The limits differ from county to county, but those for Miami-Dade, Florida are the same as those for the majority of counties throughout the country:
One unit: $726,200
Two units: $929,850
Three units: $1,123,900
Four units: $1,396,800
Note that these are the 2023 conventional loan limits, which are higher than those for 2022.
That means that there are some properties which you may now be able to purchase using conventional financing which you would have needed to get a jumbo loan for last year.
Qualifying for a Jumbo Mortgage
If you need to use a jumbo loan to finance the purchase of a home, here are the requirements you will need to meet:
Your credit score and debt-to-income (DTI) ratio must be competitive, more so than they would need to be to qualify for a conventional mortgage.
You must document at least two years of steady employment on a solid career track.
You should be prepared to make a down payment of anywhere from 10-20%
The value of your assets and cash reserves to date will be evaluated as part of your application. The more of either or both you possess, the more competitive your application will be.
You do not need to be a repeat home buyer. You can purchase your first home with a jumbo mortgage.
One of the requirements is to get an appraisal of the property when applying for a jumbo loan, and you may need to get two appraisals.
Apply for a Jumbo Loan With Lending Bankers Mortgage
Are you ready to qualify for a competitive jumbo mortgage? You can start the process by scheduling a consultation. Please call (786) 789-1737. We look forward to matching you with an affordable jumbo mortgage with which to purchase the property of your dreams.
848 Brickell Ave #1200
Miami, FL 33131
Licensed by the Florida Office of Financial
Regulation Mortgage Broker #MBR352, NMLS #383682
Copyright © 2024 Lending Bankers Mortgage LLC. All Rights Reserved.