Loan Programs
Jumbo Loans
Jumbo loans are mortgages that exceed the conforming loan limit of $832,750 for a one-unit property in most areas for 2026. Loan limits vary based on the number of units and whether the property is located in a designated high-cost area. In the Florida Keys, jumbo loans are extremely common as waterfront homes and luxury properties frequently exceed this threshold.
Details
Credit Requirements
Most jumbo lenders require a minimum credit score of 700-720, with the best rates at 740+.
Down Payment
Jumbo loans typically require 10-20% down.
Reserves
Expect to show 6-12 months of mortgage payments in liquid reserves after closing.
Keys Considerations
Waterfront homes in the Upper Keys and luxury properties in Key West frequently require jumbo financing.