Skip to Content

Your solution for larger home loans

When purchasing or refinancing a high-end home, the loan amount may require a different type of financing. A jumbo mortgage from MIDFLORIDA could be the right option.

Overview

Jumbo Mortgages Explained

If you're looking to buy a more expensive home, you may  need a special type of mortgage. That's where jumbo mortgages come in.  Jumbo mortgages allow you to borrow more than conventional loans, and a variety of rates and terms are available so you can select the loan that best meets your goals. 

Luxury home purchases
Flexible loan terms
Higher Loan Amounts

What is a jumbo mortgage?

A conventional mortgage is a loan that "conforms" to the loan limits set by the federal government. A jumbo mortgage is considered a non-conforming loan -  a loan that exceeds $726,200. That simply means the loan cannot be purchased or guaranteed by Fannie Mae or Freddie Mac.  

To see if a jumbo mortgage is the right fit for you, or to learn what your other options are, call (863) 688-8443 or toll free (855) 915-4663, contact a local mortgage specialist today, or start your mortgage application online.1

Start Here

Find a Mortgage Specialist


Features

More about Jumbo Mortgages

  • Loan amounts over $726,200 
  • Purchase, refinance or construction
  • No prepayment penalties

Things to Consider

  • These loans are considered riskier since they cannot be guaranteed by Fannie Mae or Freddie Mac and therefore, the interest rate may be higher.
  • Jumbo loans generally have stricter credit requirements.

Homeowners Insurance

Are you covered?

Protect your home inside and out. Compare multiple carriers to find the best deal available. Insurance products provided by MIDFLORIDA Insurance Services, LLC. Lic. #L084232

The latest insight about mortgages from our blog

The Ultimate Guide for First-Time Home Buyers in Florida

The Ultimate Guide for First-Time Home Buyers in Florida offers a comprehensive overview of the home buying process tailored specifically for Florida residents. Covering everything from defining first-time buyers to the steps involved in purchasing a home, the guide delves into financial considerations, mortgage options, market insights, and practical advice for navigating the real estate landscape. From understanding your finances to closing the deal, each step is outlined with clarity and detail to empower prospective buyers in their journey towards homeownership in the Sunshine State.

The Pros and Cons of Refinancing Your ARM Loan

Dive into the realm of mortgage refinancing as we unravel the complexities and benefits of transitioning from an adjustable-rate mortgage (ARM) to a fixed-rate loan. In this comprehensive guide, we delve into the factors influencing ARM rates, the pros and cons of refinancing, and the current market landscape in Florida. Whether you're seeking stability or aiming to capitalize on favorable rates, our exploration offers invaluable insights to help you make informed decisions about your mortgage journey.

Exploring One-Time Close Construction Loans

Discover the seamless path to building your dream home with a one-time close construction loan. Our guide explores how this innovative financing option combines the construction phase with a permanent mortgage, saving you time, money, and paperwork. With MIDFLORIDA Credit Union, embark on your journey confidently, guided by knowledgeable mortgage specialists who ensure a personalized experience tailored to your needs. Dive into the full article to learn more about unlocking the door to your dream home.

Notices & Disclosures
1
Membership and eligibility requirements apply.