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JUMBO LOANS - 5% DOWN PAYMENT IS BACK

At 1st Florida lending Corp. We offer low rates starting in the 2’s for Jumbo primary home purchases (see highlights below) A jumbo home mortgage is a loan that exceeds the conforming (conventional) loan limits standardized by Fannie Mae & Freddie Mac (the government-sponsored agencies that purchase loans from lenders and banks) Our Jumbo loans are ideal for home buyers looking for higher priced luxury homes. These loans are designed to simplify home buying in pricey markets by covering the full cost of the loan, so there is no need for borrowers to drain their cash reserves.
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* Disclaimer: All Loan programs, rates and terms can change without notice and are subject to credit and underwriting approval. Loan charts highlight min/max constraints, assumptions & random scenarios only. We will always work hard to approve your loan but there are no guarantees of any kind expressed or implied that any loan we be approved. Licensed in Florida Only © 2007 - 20211st Florida Lending Corp. - All rights reserved I Privacy Policy I Terms of Use I
HIGHLIGHTS Full Doc using Income from Tax Returns • Loan amounts up to $5,000,000 • 95% LTV / up to $5,000,000 • 80% LTV cash out up to $2,000,000 • Gifts -OK with after 3% of borrowers down payment • For loans over $510,400 • Minimum credit score 660 • Primary, 2nd home and investment • No MI & Pre- Payment Penalty - Rates in the 2’s Investment (non-owner occupied) • Maximum loan amount $5,000,000 • Request quote w rates / terms options) • No MI & Pre- Payment Penalty • Low reserves • No MI - Rates in the 5’s Self-Employed using Bank Statements • 90% LTV up to $5,000,000 • Attractive LTV’s and rates for Purchases & Refi’s • No MI & Pre- Payment Penalty - Rates in the 4’s with buy down options to the 3’s
FREQUENTLY ASKED QUESTIONS Question: Can I purchase a condo with the Jumbo loan. Answer: Yes, most condos are eligible for Jumbo financing. Question: Can Doctors and Physicians use the 95% financing option? Answer: Yes any home buyer that meets the qualification guidelines is welcome to apply regardless of occupation. Question: Can I get a fixed rate term? I really don’t want to get an adjustable rate . Answer: Yes, the Jumbo programs offer both the fixed rate and adjustable (ARM) rate 5/1, 7/1 or 30 fixed. Question: I’m a veteran, can I get a VA Jumbo Loan? Answer: Yes, VA has high balance jumbo loans up to 5 million. Question: Does the Jumbo program have a penalty or paying off the loan early? Answer: No, you can pay off your loan anytime you like without a pre-payment penalty. Question: What kind of savings do I need to have in order to get approved? Answer: It really depends on the loan amount and credit. For example, a loan amount of $1,000,000 depending on the program may require that you provide proof of reserves to show underwriting that you have the ability to pay the mortgage payment, insurance and taxes for that time period in the event of a financial set back. For higher loan amounts you may be required to prove additional reserves. Saving accounts, 401K or IRA may be utilized as proof to satisfy the reserve requirements.
Jumbo Home Loan

WE ARE Florida’s Top Rated DIRECT Mortgage Lender

1st Florida Lending

48 Programs I WE ARE NOT RETAIL Brokers I GET QUOTE

800-655-1345 I LOAN INQUIRIES CALL 407-300-2558

Aside from the Military outreach programs that we proudly support. 

1st Florida Lending Corp., a registered Mortgage Lender Orlando servicing only the State of Florida, offering over 48 loans programs

including Conventional Loans, Non-Conforming Loans, FHA Loans, VA Loans, USDA Loan, Self-Employed Loans, Bank Statement

Loans, No-Doc Loans, Reverse Mortgage Loans, ITIN Loans, Rental Investment Loans, to name a few and specializing in Bank

Statement Loans or “stated loans” requiring no Tax Return verification and much more. * No broker or lender fees are for FHA,VA, USDA

and Conventional loan types Main Office: 2151 Consulate Dr. * Suite 8 * Orlando, FL., 32837 * Telephone (800) 655-1345 * (407)

300-2558 * Fax (877) 401-9955We are approved lenders for all Government Loans and registered with the Florida Office of Financial

Regulation - # MLD106When Banks Say No ! We Say YES ! ® is a registered trademark owned by 1st Florida Lending Corp.

1. 95% LTV PURCHASES USING TAX RETURNS - BUY DOWN RATES IN 2’S 2. 90% LTV SELF-EMPLOYED PURCHASE / NO TAXES RETURNS - BUY DOWN RATES IN 3’S