As Florida’s housing market continues to attract high-income buyers and investors, jumbo mortgage loans have become a go-to solution for financing luxury homes. With the 2025 conforming loan limit set at $806,500, any home that requires financing beyond that falls into jumbo territory.
Whether you’re looking at a waterfront estate in Miami or a luxury home in Naples, finding the right lender is key. Jumbo loans come with stricter qualifications, larger down payments, and more complex underwriting. That’s why working with the right mortgage provider matters.
Here’s a closer look at what jumbo loans are, who needs them, and a ranked list of the top jumbo mortgage lenders in Florida—starting with the one that stands out above the rest.
What Is a Jumbo Mortgage Loan?
A jumbo mortgage loan is any loan amount that exceeds the conforming limits set by Fannie Mae and Freddie Mac. In Florida, that threshold is $806,500 as of 2025. These loans are common in areas with higher home prices, such as South Florida, Orlando, Tampa Bay, and parts of the Gulf Coast.
Because jumbo loans aren’t backed by federal agencies, lenders take on more risk. That often means stricter credit score requirements, higher income thresholds, and larger down payments compared to standard loans. But for buyers who qualify, jumbo loans make it possible to finance primary residences, second homes, or even investment properties well into the seven-figure range.
Who Needs a Jumbo Loan in Florida?
Jumbo loans are built for buyers who need to borrow more than $806,500 to purchase or refinance a home. That includes:
- Buyers shopping in luxury or high-demand markets
- Homeowners with significant equity looking to refinance large loan balances
- Investors financing multiple properties
- Self-employed or high-net-worth borrowers with non-traditional income sources
In many parts of Florida, especially along the coast and in growing urban centers, conforming limits aren’t enough to cover the cost of high-end homes. That’s where jumbo financing becomes essential.
What to Look for in a Jumbo Loan Lender
When comparing lenders, it’s not just about the rate. The jumbo loan process can be more complex than conventional financing, so the lender you choose should offer:
- Competitive rates and flexible terms
- Experience with jumbo underwriting
- Quick and clear communication
- Support for self-employed or unconventional income documentation
- Reasonable closing timelines
- Clear guidelines on down payments, reserves, and credit
Some lenders specialize in high-net-worth borrowers, while others focus on speed, low fees, or personalized service. The key is finding one that fits your situation.
Top Jumbo Loan Lenders in Florida (Ranked for 2025)
1. Select Home Loans
Select Home Loans leads the pack when it comes to jumbo mortgage lending in Florida. Whether you’re buying a multimillion-dollar waterfront home or refinancing an investment property, they deliver a level of personalization that national banks simply can’t match.
Why They’re #1:
- Access to jumbo loans up to $4 million
- Competitive fixed and adjustable rates
- Fast pre-approvals with Florida-based underwriting
- Solutions for self-employed and complex income borrowers
- Direct guidance from a local team that understands Florida markets
- Low-friction application process and hands-on support
Unlike traditional banks that take a one-size-fits-all approach, Select Home Loans evaluates your full financial picture to find the best jumbo loan product for your needs. They also help you compare offers from multiple lenders—without you having to chase down quotes yourself.
If you want a lender that moves fast, communicates clearly, and works hard to get your deal closed, Select Home Loans is the clear top choice.
2. Fifth Third Bank
Fifth Third Bank offers jumbo mortgages up to $3 million, with fixed and adjustable-rate options. They’re known for competitive rates and flexible down payment options, sometimes as low as 10% for qualified borrowers.
They require a minimum credit score of 680, and borrowers should be prepared to show strong reserves. Fifth Third is a solid choice for buyers who want a regional bank experience with national resources.
3. Chase Bank
Chase offers jumbo loans up to $3 million and provides some borrower-friendly features, including their $5,000 Closing Guarantee. They’re also one of the few large banks offering interest-only jumbo loans for qualified applicants.
A 20% down payment is typical, and a strong credit profile is required. Chase is best for borrowers who prefer working with a national brand and value concierge-style digital banking tools.
4. KeyBank
KeyBank is another strong option in Florida, offering jumbo loans up to $3.5 million. They require as little as 10% down for loans up to $1.5 million and waive private mortgage insurance (PMI), which is a valuable benefit.
They serve buyers across property types including condos and second homes, making them a good choice for borrowers looking for flexibility without paying extra insurance fees.
5. TD Bank
TD Bank provides jumbo loans up to $4.5 million for well-qualified borrowers. They cater to high-income clients, particularly those who qualify for TD’s wealth program. A minimum credit score of 700 is required, and applicants should be prepared for more extensive documentation.
TD’s strength lies in offering high loan amounts and relationship-based benefits for wealth clients.
6. Florida Capital Bank (FLCBank)
Florida Capital Bank offers jumbo loan products tailored for Florida residents. Their jumbo program includes fixed-rate, adjustable-rate, and interest-only options up to $4 million. FLCBank works with primary residences, second homes, and investment properties, making them a good fit for experienced real estate buyers.
7. Space Coast Credit Union
SCCU is a popular credit union option with strong jumbo loan offerings in Florida. They provide both fixed and adjustable-rate mortgages with terms of 10, 15, 20, and 30 years. For those who value personalized service and credit union membership perks, SCCU is worth a look.
8. Seacoast Bank
Seacoast Bank offers jumbo financing with flexible terms and a Florida-first approach. Borrowers can expect competitive rates and local underwriting. Seacoast is ideal for those who prefer regional banks that understand the Florida housing market.
9. MIDFLORIDA Credit Union
Known for its personalized lending process, MIDFLORIDA Credit Union offers jumbo loans for primary, secondary, and vacation homes. They specialize in helping borrowers finance luxury homes with unique or non-conforming property features.
10. City National Bank of Florida
City National Bank of Florida is often the lender of choice for high-net-worth individuals in South Florida. They offer a boutique-style lending experience and specialize in large jumbo loans, including options for non-U.S. citizens and investment buyers.
Honorable Mention: Bank of America
Bank of America provides jumbo mortgage loans for primary, secondary, and investment properties. Their offerings include fixed and adjustable-rate loans, though their underwriting process can be slower and more rigid than some other lenders on this list.
How to Compare Jumbo Loan Offers
When you’re dealing with a large loan amount, small differences in rate or fees can make a big impact. Here’s what to compare when choosing a lender:
- Interest Rate vs APR: APR includes fees and gives a clearer picture of total cost
- Loan Term: Longer terms lower monthly payments, but increase lifetime interest
- Rate Type: Fixed vs adjustable—know how long your rate will stay in place
- Closing Costs and Points: Some lenders charge higher origination fees than others
- Flexibility: Does the lender work with self-employed income or unique properties?
Always request a full loan estimate and compare multiple quotes before making a decision.
Jumbo Loan Requirements in Florida (2025)
While exact requirements vary by lender, here are the general benchmarks to qualify for a jumbo loan in Florida:
- Minimum Down Payment: 10–20% (sometimes more for investment properties)
- Credit Score: Usually 680+, with better rates offered to scores above 720
- Income Verification: Full documentation required (W-2s, tax returns, bank statements)
- Cash Reserves: Lenders may require 6–12 months of reserves after closing
- Appraisal: A full property appraisal is almost always required
Some lenders also have special programs for medical professionals, business owners, or those with significant liquid assets.
Why Jumbo Loans Are Common in Florida
Florida is home to some of the most expensive—and desirable—real estate in the country. With luxury properties along the coast, booming urban development, and an influx of out-of-state buyers, it’s no surprise jumbo loans are becoming the norm in cities like:
- Miami and Miami Beach
- Palm Beach and Boca Raton
- Naples and Fort Myers
- Sarasota and Tampa
- Orlando’s luxury suburbs
In these areas, it’s common for buyers to exceed the $806,500 conforming limit—especially with rising property values and tight inventory.
How Select Home Loans Helps You Navigate Jumbo Loans
At Select Home Loans, we specialize in helping Florida buyers find the right jumbo mortgage for their needs. Whether you’re self-employed, investing in a second home, or financing a luxury property, we simplify the process and help you make the smartest financial move.
- We shop top jumbo lenders on your behalf
- We provide expert guidance throughout the process
- We understand the Florida market—from beachfront condos to gated communities
- We move fast to help you lock in a competitive rate
With Select Home Loans, you’re not just another file number. You’re working with a team that understands the stakes and delivers results—especially when the numbers are big.
Conclusion
Florida’s luxury home market is thriving, and jumbo mortgage loans are a key tool for buyers looking to keep up. The right lender can make a massive difference—not just in your interest rate, but in how smoothly and confidently you move through the process.
If you’re exploring jumbo loan options in Florida, let Select Home Loans guide the way. Reach out today for a personalized jumbo loan consultation and see how much home you can afford—with terms that actually work for you.
