LOAN PROGRAMS · JUMBO
Jumbo loans.For South Florida prices.
A jumbo loan is a mortgage above the conforming loan limit set each year. In Miami-Dade and Broward, many homes and luxury condos need one. Because each lender sets its own jumbo guidelines, comparing lenders matters even more.
By Abdallah H. Fragomeno, Mortgage Advisor, NMLS ID 366447 (opens in a new tab) · PREMIER Financial Group of Florida, LLC, NMLS ID 1318440 · Updated
Have questions? No problem.
Jumbo loans in Miami: the short answer
- What it is
- A loan above the conforming limit: $832,750 for a one-unit home in Miami-Dade in 2026, or up to $845,000 with some of our lending partners.
- Who sets the rules
- Each lender. That is why comparing several lenders matters most here.
- What lenders look for
- Strong credit, documented income and cash reserves after closing.
- Self-employed?
- Bank statement jumbo loans are available through Non-QM lenders.
Who itfits best.
Higher-priced homes
Loan amounts above the conforming limit.
Strong financial profile
Good credit, documented income and cash reserves.
Primary, second home or investment
Options depend on the lender.
How itworks.
Lender-set guidelines
Jumbo rules vary by lender, so the best fit for you may not be the best for someone else.
Reserves
Most lenders want to see several months of payments in savings or investments after closing.
Appraisal
Larger loans can require a second appraisal or a more detailed review.
Luxury condos
The building's reserves, insurance and any pending assessments matter. We review them early.
Good to know.Before you decide.
Documentation
Expect more paperwork than a conventional loan, especially for self-employed borrowers or complex income.
Non-QM options
If your income does not fit a standard file, a Non-QM jumbo may be an option.
Questions,answered.
What is the conforming loan limit?
It is the maximum loan amount Fannie Mae and Freddie Mac will buy, set each year by the Federal Housing Finance Agency. Loans above it are jumbo loans.
Are jumbo rates higher?
Not always. Jumbo pricing varies by lender and borrower, which is why we compare several.
Can I get a jumbo loan if I am self-employed?
Yes. Some lenders offer jumbo loans using tax returns, and Non-QM lenders can use bank statements instead.
What is considered a jumbo loan in Miami in 2026?
Any loan above $832,750 for a one-unit home in Miami-Dade, the 2026 conforming limit set by the Federal Housing Finance Agency (opens in a new tab). Some of our lending partners currently allow conventional loans up to $845,000, so a loan between those amounts may not need a jumbo program; availability varies by lender and can change.
How much in reserves do jumbo lenders want?
It varies by lender and loan size, often several months of payments in savings or investments after closing. Retirement accounts can count in part.
Can I get a jumbo loan for a condo in Miami?
Yes, if the building meets the lender's guidelines. Reserves, insurance, special assessments and any litigation are reviewed closely.
Can I get a jumbo loan as a foreign national?
Some Non-QM lenders offer jumbo loans to foreign nationals, with their own documentation rules. See our Non-QM loans.
Do jumbo loans offer adjustable rates?
Yes. Many jumbo programs offer both fixed and adjustable rates. An adjustable rate can change after its initial period, and we explain how.
OTHER LOAN PROGRAMS
YOUR MORTGAGE ADVISOR
Nice to meet you.I'm Abdallah.
Your trusted Miami mortgage advisor. I'm here to make your home financing simple and stress-free.
Abdallah H. Fragomeno · Mortgage Advisor · NMLS ID 366447
Prefer the office? Team line: 888.718.4440
Texting is optional. Message and data rates may apply. Reply STOP to opt out or HELP for help. Privacy policy.
Ready, set,pre-approved.
Apply online, then send the documents on my checklist. I'll take it from there.