JUMBO LOANS LENDING & FINANCING FLORIDA & ALABAMA DIRECT JUMBO MORTGAGE BROKER -
JUMBO MORTGAGE LENDER SPECIALIST - JUMBO MORTGAGE COMPANY BLISSFUL MORTGAGE
BEST JUMBO MORTGAGE COMPANY?
Searching for Jumbo Mortgage loans Florida or Jumbo Mortgage loans Alabama for the Best Jumbo Mortgage Broker, Best Jumbo Mortgage Lender specialist? When looking for that Best Jumbo Mortgage Broker Company consider this. Blissful Mortgage Jumbo Loans do not come from one Jumbo Mortgage Lender ( Not just one source). In fact we have many Lenders and options to choice from to fit your needs, this means lowest rates and fees. Fast approvals and Closings. We specialize in helping clients that require a higher level of service and flexibility than traditional banks. Using multiply lenders to find the niche to achieve our clients goals..Make us your first call for all your MORTGAGE LOAN needs.
WHAT IS A JUMBO LOAN
A jumbo loan is also known as a jumbo mortgage, because this is a type of financing that exceeds the limits set by the Federal Housing Finance Agency check this (FHFA MAP) for your county. Alabama loan limits are $726,200. Florida loan limits are $726,200 except Monroe Co is $874,00. Unlike conventional mortgages, a jumbo loan is not eligible to be purchased or can not be guaranteed, or securitized by Fannie Mae or Freddie Mac. Designed to finance luxury properties and homes in highly competitive local real estate markets. Jumbo mortgages come with unique underwriting requirements and tax implications. These kinds of mortgages have gained traction as the housing market continues to recover following the Great Recession.
Property Types
You can buy many various types of properties with a jumbo loan. When in fact this loan the government doesn’t restrict how you can use your jumbo loan. As long as you meet your lender’s other requirements, you can use most jumbo mortgages for primary residences, vacation houses, warranted condos and investment properties.
Jumbo Loans Florida & Alabama Guidelines
Jumbo Loan Specialty Types
Jumbo Lenders have a wide range of loan products to serve many different types of properties and buyers. Plus owners for JUMBO Refi and Refi-cashout loans. These are some examples of what is offered. This is by no means all we have to offer. Due to these loans that are most times portfolio loans please CONTACT US with any questions. Many times lenders work and give exemptions to the rules. Why use Blissful Mortgage as your Jumbo Mortgage Broker needs? It’s Simple, Experience, Knowledge and we gather all that you need and then we shop the Jumbo Mortgage Lenders Nation wide for the best for you.
- 15 and 30 Year Fixed Rate.
- Single family homes, 1-4 unit properties, townhomes and warrantable condos.
- 10.1% down – loans up to $3,500,000 680 credit score primary and second homes.
- 20% down – loans up to $5,000,000 740 credit score primary and second homes.
- Cash out refinances to 75% loan to value.
- For Investment properties 35% down-payment – Min FICO 760.
Loan Requirements
For a VA jumbo loan, it’s possible to get a loan without a down payment, but only with a median FICO® Score of 640 or higher for a loan up to $1.5 million. With a median score of 680 or better, you can get a mortgage up to $2 million with a 10% down payment.
The DTI needed to qualify for a VA jumbo loan can vary based on a number of factors such as loan type, credit score and the amount of residual income you have.
These are the general requirements for most of our lenders.
Tips For Debt-To-Income Ratio (DTI)
- Your debt-to-income (DTI) ratio compares how much money you earn versus the amount of your debt. To find your DTI ratio, divide all of your required monthly debt payments by the amount you earn before taxe
A low DTI ratio is very important when you get a jumbo loan because it tells lenders that you will have enough cash flow to cover your mortgage payments. If you have a higher down payment or credit score, you may qualify for a jumbo loan with a higher DTI ratio.
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FLORIDA MORTGAGE BROKER/LENDER SPECIALIST. SERVICE SPECIALIZED LOCATIONS JUMBO LOANS LENDING & FINANCING
FLORIDA JUMBO LOANS LENDING & FINANCING Northwest Florida Cities
NORTHWEST FLORIDA Escambia Co and Santa Rosa Co Pensacola beach Fl, Milton Fl, Perdido Key Fl and Gulf Breeze Fl. Next is Okaloosa Co and Walton Co Navarre Beach Fl, Ft Walton Beach Fl, Destin Fl and 30A Fl. Also DeFuniak Fl, Freeport Fl and Miramar Beach Fl. Including Bay Co Panama City FL, Mexico Beach Fl and Chipley Fl. Also Washington Co, Jackson Co and Gulf Co Port St Joe Fl. Franklin Co Cape San Blas Fl, St George Island Fl and Carrabelle Fl. Finally Leon Co Tallahassee Fl. JUMBO MORTGAGE LOANS for the whole state of FLORIDA. We are the JUMBO HOME LOANS specialist for Florida.
FLORIDA JUMBO LOANS LENDING & FINANCING North and Central Florida Cities
NORTH FLORIDA JUMBO
NORTH FLORIDA Nassau Co, Duval, Clay Co and Saint Johns Co Jacksonville Beach Fl, St Augustine FL and Fernandina Beach Fl. Includes Marion Co and Lake Co The villages Fl and Ocala FL. With Putnam Co Palatka Fl. Alachua Co High Springs Fl and Gainesville Fl. JUMBO MORTGAGE HOME LOANS.
CENTRAL FLORIDA JUMBO
CENTRAL FLORIDA . Includes Flagler Co and Volusia Co Daytona Beach Fl, Ormond Beach Fl, Smyrna Beach Fl, and Palm Coast Fl. Also Orange Co, Osceola Co and Polk Co Orlando Fl, Clermont Fl. Winter Haven Fl, Poinciana Fl, Kissimmee Fl, Sanford Fl and Deltona Fl. Along with Pinellas Co Clearwater Beach Fl, Indian Rocks Beach Fl, Indian Shores Fl, North Redington Beach Fl, Maderia Beach Fl and Treasure Island Fl. Next is Hillsborough Co Tampa Fl, Lakeland Fl, St Petersburg Fl, St Pete Beach Fl and Palm Harbor Fl, Including Brevard Co Melbourne Fl, Melbourne beach Fl, Cape Canaveral Fl, Cocoa Beach Fl, Port St John Fl, Fort Pierce Fl, Merritt Island Fl and Satellite Beach Fl. JUMBO MORTGAGE LOANS.
FLORIDA FHA LOANS LENDING & FINANCING South Florida Cities
SOUTH FLORIDA JUMBO
SOUTH FLORIDA Manatee Co, Sarasota Co Longboat Key Fl, Venice Fl, North Port Fl, Bradenton Fl, Sarasota Fl and Port Charlotte Fl. With Charlotte Co and Lee Co Fort Myers Fl, Lehigh Acres Fl, Punta Gorda Fl and Bonita Springs Fl. Plus Collier Co Naples Fl and Marco Island Fl. Plus Monroe Co Key Largo Fl, Tavernier Fl, Islamorada Fl, Marathon Fl and Key West Fl. Miami-Dade Co Miami Fl, Gables Fl, Sunrise Fl and Hialeah Fl. Next Broward Co Hollywood Fl, Fort Lauderdale Fl, Pompano Beach Fl, Miramar Fl and Coral Springs. Lastly Martin Co and Saint Lucie Co Boca Raton Fl, Delray Beach Fl, Boynton Beach Fl, West Palm Beach Fl, Jupiter Fl and Palm Beach Shores Fl. Finally Riviera Beach Fl, Port Saint Lucie Fl, Vero Beach Fl and Jensen Beach Fl. Finally Indian River Co Indian River Shores Fl and Sebastian Fl. JUMBO MORTGAGE LOANS.
ALABAMA MORTGAGE BROKER/LENDER SPECIALIST. SERVICE SPECIALIZED LOCATIONS JUMBO LOANS LENDING & FINANCING
ALABAMA JUMBO
ALABAMA JUMBO LOANS LENDING & FINANCING Gulf Shores AL, Orange Beach AL, Foley AL, Fort Morgan AL, Dauphin Island Al, Fairhope AL, Daphne AL, Spanish Fort AL, Dothan Al, Montgomery Al, Auburn Al, Clanton Al, Alabaster Al, Prattville Al, Trussville Al, Phenix City Al, Columbus Al, Tuscaloosa Al, Birmingham Al, Huntsville Al, Decatur Al, Guntersville Al, JUMBO MORTGAGE LOANS for the whole state of ALABAMA. We are the JUMBO HOME LOANS specialist for ALABAMA.