Florida Jumbo Loans

Jumbo loans in Florida cover any mortgage above the conforming limit, which for 2026 means anything over $832,750 in most counties.

Key features of jumbo loans in Florida

• Loan amounts from $832,750 up past $5 million
• Down payment typically 10% to 20%
• Credit score of 700 or above, with the best pricing at 720 and up
• Six to twelve months of reserves
• Gift funds allowed, with sourcing
• Primary residence, second home and investment property
• Fixed and adjustable rate options
• Interest-only on some programs

Where jumbo actually starts depends on your county

The threshold is not a single number. Each year the Federal Housing Finance Agency sets a baseline conforming limit, and for 2026 that figure is $832,750. Most Florida counties use it. However, high-cost counties get their own ceiling, so a $900,000 loan can be conforming in one county and jumbo in the next one over. Monroe County in the Keys carries the highest limit in the state.

That distinction is worth money, because conforming pricing usually beats jumbo pricing. Therefore check your county against the 2026 Florida loan limits before you assume you need a jumbo. Buyers who land just above the line sometimes bring a little more cash and stay conforming, which costs less over the life of the loan than the rate difference.

Jumbo is not one product, and the quotes prove it

Conforming loans follow one rulebook, since Fannie Mae and Freddie Mac buy them. Jumbo loans do not. Each lender keeps them on its own balance sheet or sells them privately, so each writes its own guidelines. As a result the spread between two jumbo quotes on the same file is routinely wider than anything you would see on a conforming loan.

Reserves are where lenders differ most. One may want six months of payments in the bank, another twelve, and a third will count retirement accounts at only 60% of their balance. Meanwhile the rate difference between them may be small. Since the guideline difference decides whether you qualify at all, compare on both, not on rate alone.

What tightens a Florida jumbo file

• Condos draw the hardest scrutiny, because lenders review the association’s reserves and any pending structural assessment before they lend
• Insurance costs feed your debt-to-income ratio, and coastal premiums can move it by a full point
• Second homes and investment properties carry higher down payment and reserve requirements than a primary residence
• Appraisals on unique or waterfront property take longer, so build the time into your contract

Who this suits

• Buyers purchasing above their county’s conforming limit
• Second home and investment buyers in higher-priced Florida markets
• Borrowers with strong credit and documented reserves
• Self-employed buyers who can document income, since those who cannot may fit a bank statement loan instead

Source: FHFA 2026 conforming loan limit announcement. You can check the limit for a specific county on HUD’s loan limit lookup. Jumbo guidelines are set by each lender and change frequently.