Who It Is For
Jumbo loans are for buyers and owners whose loan amount is too large for standard Fannie Mae and Freddie Mac guidelines. They suit higher-priced primary homes, second homes, and some investment properties.
- Buyers of waterfront and Gulf access homes in Cape Coral
- Luxury home buyers across Southwest Florida
- Second home buyers with larger loan amounts
- Owners refinancing a loan above the conforming limit
How It Works
Because jumbo loans are larger than what Fannie Mae and Freddie Mac will buy, each lender writes its own rules. Credit, reserves, and income documentation are usually reviewed more closely.
That is where a broker helps. We shop different wholesale lenders to get you the lowest possible rate, and we know which ones are comfortable with Cape Coral waterfront property.
We have done this work in Cape Coral for over 25 years. A jumbo file has a lot of moving parts, and our in-house processing means one team keeps track of all of them.
What You Need to Qualify
- Strong, well documented income
- An established credit history
- Cash reserves after closing, as required by the lender
- A larger down payment than many standard loans
- Requirements vary by lender, and we will tell you exactly where you stand
Documents You Will Likely Need
- Full tax returns for the last two years
- Pay stubs and W-2 forms, or a profit and loss statement if self-employed
- Bank and investment account statements for the last 3 months
- Statement from your broker for stocks and bonds
- Signed sales contract, including all riders
- Listing sheet and legal description, if available
Common Questions
How do I know if I need a jumbo loan?
It depends on your loan amount compared to the conforming limit for the county, which is updated each year. Tell us the price range you are shopping and your planned down payment, and we will tell you which side of the line you are on.
Are jumbo loans harder to get?
They usually ask for more documentation and more reserves. That does not mean they are out of reach. Lenders differ a lot on jumbo, which is why shopping several of them matters.
Can I get a jumbo loan if I am self-employed?
Often, yes. Some lenders offer jumbo amounts on bank statement and other alternative income programs. We will look at how your income is documented and match you to the right lender.
General information only, not an offer to lend. Requirements vary by lender and program, and all loans are subject to credit approval, income verification, and property appraisal.