When you need a substantial loan, we've got you covered. Our jumbo loans cater to amounts ranging from $766,551 to $5000,000 and even higher in some cases using private investors.
When aiming to acquire properties in Martin County or its vicinity that surpass the Fannie Mae and Freddie Mac conforming loan limits, a jumbo loan is your solution to securing your dream property.
Understanding Jumbo Loans
A jumbo loan, known as a non-conforming loan, falls under conventional loans without any government agency backing. Its ability to surpass the conforming loan limits set for your county is what sets it apart. Essentially, a jumbo mortgage allows you to borrow a larger sum of money compared to conforming conventional loans.
Are You Considering a Jumbo Loan in Martin County?
Remember, certain counties, including those in high-cost areas, may have higher conforming loan limits. During your consultation, we'll provide you with the specific conforming loan limits for Martin County or any other area you're interested in.
Securing a Jumbo Mortgage in Florida
Qualifying for a jumbo mortgage entails a more thorough evaluation due to the larger loan amount. Here's what we'll consider:
- Your credit score
- Debt-to-Income (DTI) ratio
- Income
- Employment status and history
- Down payment capability (15% or more)
- Cash reserves (6 months or more)
- If newly employed, you will need an employment offer letter fully executed by the new employer.
- To use rental income, you will need a fully executed lease agreement verifying the first payment will start on or before the first payment on your new mortgage. Our team will order a 1007 rent schedule in process to confirm the amount of rent they are collecting is common for the area. We will apply a 25% vacancy factor to the amount received.
- Additionally, two appraisals are typically required for a jumbo mortgage.
Buy Your Dream Home with a Jumbo Loan
Ready to purchase your dream home with a jumbo loan? Schedule your consultation today by calling us at the number below. Let's make your homeownership goals a reality.

Explore Your Options
At PPS we're committed to assisting and guiding you through every step of the process.
- 772-528-3856
- dan@ppslender.com
- Fill Out Contact Form
Can I obtain a jumbo mortgage for my first home purchase?
Absolutely. During your consultation, we'll determine if you meet the qualifications.