Florida Jumbo Mortgage Rates
If you’re in the market for a home worth $715,000 or more, you’ll probably need a “jumbo” mortgage, and were ready to get you the best Florida jumbo mortgage rates. In some of the country’s most expensive Cities — like, Key West and Key Largo located in Monroe county, — the baseline for a jumbo mortgage rate can be even higher, all the way up to $1,149,825. Since jumbo loans are larger than what the Federal Finance Housing Agency (FHFA) is willing to guarantee, government agencies like Fannie Mae and Freddie Mac don’t finance jumbo mortgages. Still, as the housing market continues to grow, jumbo mortgage loans are becoming more and more popular.
About Florida Jumbo Loans
Jumbo mortgages are available for primary residences, second or vacation homes and investment properties, and are also available in a variety of terms, including fixed-rate and adjustable-rate loans. A jumbo loan will typically have a higher interest rate, stricter underwriting rules and require a larger down payment than a standard mortgage.
Today’s low rates for Florida Jumbo Mortgage Loans
When you “CLICK HERE” you’ll instantly see today’s lowest Florida Jumbo Mortgage rates. If you see an interest rate you like, you can click to head straight to request your Custom Rate Quote.
What factors determine my Jumbo Mortgage Rate?
Lenders consider these factors when pricing your interest rate:
- Credit score
- Down payment
- Property Location
- Loan amount/closing costs
- Loan Type
- Loan term
- Interest rate type
Current Florida Jumbo Mortgage Rates
When your shopping for a Florida Jumbo mortgage rate, we will get you the lowest interest rate possible, thus getting you the lowest interest rate that could save you hundreds of dollars a year and thousands of dollars over the life of your loan. Yes, having us find the best Florida Jumbo loan rate is a big deal.
What is a Florida Jumbo Mortgage Rate lock?
A jumbo mortgage rate lock freezes the interest rate. The lender guarantees (with a few exceptions) that the mortgage rate offered to a borrower will remain available to that borrower for a stated period of time. With a lock, the borrower doesn’t have to worry if rates go up between the time they submit an offer and when they close on the home.
When should I lock my Florida Jumbo mortgage rate?
Most lenders offer a 30- to 45-day rate lock free of charge. This means if the interest rate increases before your loan closes, you get the stated rate. However, if rates fall, you won’t benefit unless you restart the loan process, a costly and time-consuming endeavor.
Jumbo Loan Down Payment Options
- 5% Down Jumbo Loans for Primary Residences, Second Homes and Condos.
- 10% Down Payment Options are also available.
- 25% Down for Investment Properties.
- VA Jumbo Loan Options.
Florida Jumbo Loan Program Features
- 610 Credit Scores.
- $3,000,000 Loan Amounts.
- Our Jumbo Loans have No Monthly Mortgage Insurance.
- Little or Low Reserves are Required.
- No waiting period for Prior Foreclosures and BK’s.
- Up to 50% Debt to Income Ratios.
- Gift Funds and Co-Signers are Allowed.
- First-Time Home-Buyers are Ok.
- Cash-out Refinance up to 95% LTV.
- Piggie back Second Mortgage Options Available.
- Bank Statements as Income Loans are Available.
Expert advice at your fingertips
Our home loan experts are available 7 days a week to answer all your home loan questions. We don’t keep banker’s hours…. we understand that you have busy schedules, that’s why we’re available nights and weekends.
Eddie Hoskins Founder & CEO
Providing our customers with the lowest rates, personalized service, and loan options that you don’t get from big box lenders or banks. That’s he built E Zip Mortgage.
Why should you choose us for your home loan?
We work for you & not the bank, we offer wholesale mortgage rates which are lower than retail rates not to mention, we offer a wide variety of loan options so you’re not stuck with one set of restrictive underwriting guidelines.
Credit scores a little low?
We have a credit score analyzing tool that can provide us with options to improve your credit scores quickly through a rapid credit rescore that usually takes 48 hours.
“We Think Outside The Box”
Our “Outside The Box Thinking” gets home loans approved and closed every day! From Bank Statement as Income loans to 50% debt to income ratio approvals, we do them all.
We’ve streamlined the mortgage process, close in 30 days or less.
From application to closing, all from the palm of your hand.
