Florida Jumbo Mortgage

Super Jumbo Loan Programs

A Florida mortgage that is within the limits and guidelines established by Fannie Mae and Freddie Mac is called a conforming mortgage. If a loan is for a larger amount than these agencies allow, these loans are referred to as either a jumbo loan or a super jumbo mortgage.

Most banks and other financial institutions resell their mortgage loans to the secondary market to free up additional funds to loan. A loan that is within the limits specified by Freddie and Fannie is far easier for the lender to sell on the secondary market.

What does this have to do with you and your Florida home loan? If you are looking to finance a single family home with a loan amount of more than $417,000, your loan will be a jumbo or super jumbo mortgage loan. At Capital Lending Corp. , we work with a wide range of mortgage lenders that specialize in funding Jumbo and Super Jumbo mortgage notes. Since we make these lenders compete for your business, we can command much better rates and fast closings.

Whether you are financing a Miami condo with a view of Biscayne Bay or seeking a jumbo mortgage to finance an estate home outside Tallahassee, FL - Capital Lending Corp. has experienced mortgage professionals and the relationships with Lenders you want. Our lenders are motivated to make jumbo and super jumbo mortgage loans throughout Florida.

Contact the Jumbo experts at Capital Lending at 1-866-924-4111 for a no obligation consultation on the best way to structure your Florida jumbo mortgage.

Florida Jumbo Loan Limits For 2007

On November 28th 2006, Fannie Mae announced the 2007 conventional loan limits for Florida. For single-family homes (one unit), the loan limit is $417,000. Anything above that for becomes a jumbo or super jumbo loan.

For duplexes (2 units), the jumbo loan limit in Florida is $533,850 and for triplexes (3 units) the loan becomes a Florida jumbo loan if it exceeds $645,000. The jumbo limits are consistent from state to state. Exceptions are states with higher housing costs and higher costs of living, such as Alaska or Hawaii. The jumbo loan limits are updated every year.

A Recommended Florida Jumbo Mortgage Source: Capital Lending Corp.

"My Realtor® recommended Chad Lane and Capital Lending Corp. We had no idea what a jumbo loan was, much less why we needed to have one. Chad did an excellent job explaining everything, gave us several loan options to choose from, and an Interest rate lower than what was advertised in the papers. I am pleased to recommend him to anyone in the market for a Home Loan."

Dave and Jane Longo
Ft. Lauderdale, Florida

You may finance a home only two or three times in your lifetime. Doesn't it make sense to work with a Florida Mortgage Broker who spends every day handling the details between application and closing. When you need a Florida Jumbo or Super Jumbo mortgage, call loan experts at Capital Lending @ 1-866-924-4111 for all of your Florida Jumbo home loan needs.