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How to Get a Jumbo Loan for High-Value Real Estate in Miami

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Conferencias magistrales

  • Jumbo Loan in Miami finances homes above the $806,500 conforming limit.
  • Buyers may qualify with 10% down and no PMI.
  • The Doce Mortgage Group simplifies jumbo financing with local expertise and tailored programs.

If you’re buying property in Miami, chances are you’re looking at prices that go way beyond the national average. That’s where a Jumbo Loan in Miami comes in. This type of financing is designed for buyers who need more than what a standard mortgage offers — especially common in a city where waterfront condos, luxury estates, and upscale neighborhoods dominate the market.

A Jumbo Loan in Miami helps you finance high-value homes with flexible options that fit the city’s price points. And the best part? You can often qualify with as little as 10% down and no PMI. If you’re exploring your options, check out this Jumbo Loan in Miami resource to get started with the basics.

Let’s break down everything you need to know.

What is a Jumbo Loan in Miami?

A jumbo loan is a mortgage that goes above the conforming loan limits set by the Federal Housing Finance Agency (FHFA). In 2025, the baseline conforming loan limit in most of the country is $819,000, but homes in Miami often sell for way more than that.

In Miami-Dade County, where average home values keep climbing, buyers frequently need loans above this threshold. That’s where a Jumbo Loan in Miami becomes the go-to option.

These loans aren’t backed by Fannie Mae or Freddie Mac, which means they follow different rules. You’ll need strong financials, but you’ll also get more buying power.

Key Benefits of a Jumbo Loan in Miami

A Jumbo Loan in Miami offers a ton of flexibility for buyers looking at homes above the standard limit. Here’s what stands out:

  • Finance luxury homes up to $5,000,000 with one single loan with as little as 20% down.

  • As low as 10% down, no private mortgage insurance (PMI) required

  • Very competitive rates — often on par with or better than conforming loans in 2025

  • Available for primary homes, second homes, and investment properties

  • Higher conforming limits apply in some Florida high-cost areas like Monroe County at $967,150, while Miami-Dade follows the $819,000 baseline

That kind of power gives buyers a real edge in a competitive market.

Want to see what kind of rate you could get? Obtenga un presupuesto gratuito now with The Doce Mortgage Group.

Who Qualifies for a Jumbo Loan in Miami?

Getting approved for a Jumbo Loan in Miami does take some strong financials. But if you meet the basic qualifications, the process can move fast.

Here’s what you’ll typically need in 2025:

  • Minimum 660 FICO score (though higher may help with better terms)

  • Maximum debt-to-income ratio (DTI) of 55%

  • Solid employment history — usually two years of steady income

  • Proof of assets — often enough to cover 3 to 12 months of future payments

  • Clean credit history and responsible use of revolving credit

Some borrowers can even qualify with non-traditional income, like self-employment or investment returns, if properly documented.

How Much Can You Borrow in Miami in 2025?

In 2025, the baseline conforming loan limit is $806,500, and Miami-Dade’s single-family median sale price was about $660,000 in July 2025, with many areas much higher.

If you’re eyeing Coral Gables, Brickell, or waterfront homes in Miami Beach, prices easily hit $1 million or more. That’s where a Jumbo Loan in Miami becomes the smart choice.

These loans let you borrow:

  • Up to $5,000,000 with one single loan

  • With as little as 20% down for larger amounts

  • With 10% to 15% down for lower jumbo amounts, depending on your credit and DTI

Curious how much house you can afford? Try our Calculadora de hipotecas and run the numbers in seconds.

Down Payments, Interest Rates, and PMI Rules

Let’s talk money. Down payments, rates, and PMI are three of the biggest topics for jumbo borrowers.

Down Payment Requirements in 2025:

  • 10% down available for well-qualified buyers up to certain limits

  • 15% down more common for mid-range jumbo loans

  • 20% down typically needed for loan amounts up to $5 million

No PMI Required: That’s right — even with a 10% or 15% down payment, you won’t be forced to pay private mortgage insurance. That saves you hundreds each month.

Tipos de interés: As of September 2025, the national average 30-year fixed jumbo rate is about 6.34 percent. That’s actually lower than some conforming rates, thanks to strong borrower profiles and market demand.

Want to find out if you qualify for help? Call us at 305-900-2012 to talk about your jumbo loan options.

How to Apply for a Jumbo Loan in Miami

The application process for a Jumbo Loan in Miami is very straightforward — especially when you’re working with a local team that knows the market.

Here’s how it usually goes:

  1. Get pre-approved so you know your budget
  2. Submit your application through Nuestro portal de aplicaciones
  3. Upload your documents (income, assets, ID, etc.)
  4. Lock your rate once you’re under contract
  5. Close on your dream home with confidence

Jumbo loans move fast when you have the right paperwork ready. Most approvals wrap up in under 30 days, depending on the complexity of your file.

Miami’s real estate scene is built for buyers who want something special — beachfront views, penthouses, private communities, or second homes that double as vacation escapes. The Jumbo Loan in Miami is what makes this kind of purchase possible for many buyers.

These loans give you the freedom to finance the kinds of properties that define the Miami lifestyle:

  • Gated waterfront estates

  • High-rise condos with ocean views

  • Historic homes in Coconut Grove or Coral Gables

  • Investment properties in areas with strong rental income

High-net-worth individuals, business owners, and international buyers are all frequent users of jumbo financing. Some are moving their primary residence here, while others are diversifying with investment real estate.

Using a Jumbo Loan in Miami for Second Homes or Investment Properties

Miami isn’t just a hotspot for full-time residents. It’s also a top market for second homes, vacation properties, and long-term rentals. Many buyers use a Jumbo Loan in Miami to finance these kinds of purchases.

In Q1 2025, investors bought about 30 percent of Miami-area homes, the highest share among major metros, and Miami also ranks first in the U.S. for ultra-wealthy second-home ownership. That’s where jumbo loans come in.

Here’s what you should know:

  • You can use a jumbo loan to finance a second home even if your primary residence is outside Florida

  • You can also use one for investment properties, including short-term rentals (as long as the property meets certain conditions)

  • You’ll typically need a larger down payment — closer to 10% to 20%

  • Your rental income may count toward your qualifying income if you have a lease or past rental history

Many investors prefer jumbo loans over commercial loans because of the better rates, longer fixed terms, and flexibility with property types.

If you’re planning to rent out your unit part-time, or just want a vacation home that pays for itself when you’re not there, this could be a smart way to finance it.

Ready to crunch the numbers? Try our Calculadora de hipotecas to see what your monthly payments might look like for a second home.

Can You Refinance a Jumbo Loan in Miami? Absolutely.

If you already own a high-value home in Miami, you might be sitting on a great opportunity to refinance in 2025. Rates are still historically attractive, and many homeowners are using this time to:

  • Lower their monthly payments

  • Switch from an ARM to a 30-year fixed loan

  • Pull cash out to invest in other properties

  • Drop PMI (if they refinanced from a conforming loan that required it)

Refinancing a Jumbo Loan in Miami works similarly to a standard refinance — but you’ll want to work with a team that understands how to structure large loan files for fast approval.

Refinancing could also open the door to consolidate other debts, remodel your home, or just get better terms on an old loan that no longer fits your needs.

You’ll need the same basics:

  • Minimum 660 credit score

  • Low DTI, ideally under 50%

  • Full income and asset documentation

If it’s been more than two years since your last appraisal, you may need a new one — especially if home values in your area have gone up. And in many parts of Miami, they definitely have.

Want to see if a refi makes sense for your situation? Obtenga un presupuesto gratuito de The Doce Mortgage Group.

Tips for Getting Approved Quickly in Miami’s Competitive Market

When you’re shopping in the luxury market, speed matters. Homes in Miami can go under contract in just a few days, especially in hot neighborhoods. To stay competitive, jumbo buyers should:

  • Get fully pre-approved before house hunting

  • Work with a local mortgage pro who understands Miami’s unique property types

  • Have all documents ready, including tax returns, bank statements, and employment info
  • Know your budget and stick to properties within range

  • Be ready to act fast, especially on properties under $2 million, which tend to move quickly

If you’re financing a condo, ask about the building’s eligibility — some high-rises require extra reviews, and a local team like The Doce Mortgage Group can guide you through that process.

Want to get ahead of the market? Start your application now using Nuestro portal de aplicaciones and we’ll walk you through every step.

Best Miami Neighborhoods for Jumbo Loan Buyers

Miami is full of neighborhoods where home prices start well above the national average. Here are a few of the most popular areas for jumbo loan buyers:

Coral Gables
Known for its tree-lined streets, Mediterranean architecture, and upscale charm. The median listing home price was about $1.7 million in August 2025.

Cocoteros
Laid-back yet luxurious, this neighborhood offers bayfront homes, top-rated schools, and a unique mix of new builds and old Florida charm. The median listing home price was about $2.0 million in August 2025

Brickell
The city’s financial center with sleek high-rises and sky-high penthouses. Many units exceed $1 million, with ultra-luxury properties reaching $10 million or more.

Key Biscayne
An island community just minutes from downtown, filled with high-end condos and waterfront homes. The median listing home price was about $2.2 million in August 2025.

Miami Playa
Oceanfront living, Art Deco gems, and luxury condos make this one of the hottest areas for jumbo loan buyers. Homes here regularly sell for $3 million and up.

Ready to finance your dream home in one of these areas? Obtenga un presupuesto gratuito to see what your options look like.

Living in Miami: Why So Many Buyers Are Moving In

The attraction to Miami goes way beyond just warm weather. For high-income buyers, investors, and relocating families, the city offers:

  • No state income tax, making it a smart move for business owners and entrepreneurs

  • Year-round tropical climate, perfect for beach lovers and boaters

  • Booming job markets, especially in tech, finance, real estate, and hospitality

  • Cultural diversity, with vibrant communities, international food, and art scenes

  • Easy international access, with Miami International Airport just minutes away

From 2020 to 2024, Miami-Dade added about 143,000 residents, with growth driven largely by international migration. These buyers are driving up demand in the luxury space — and many of them are using a Jumbo Loan in Miami to make the purchase.

Think Miami might be your next move? Llámenos hoy mismo al 305-900-2012 to talk about how jumbo financing could help you make it happen.

Frequently Asked Questions About Jumbo Loans in Miami

How much is a jumbo loan in Miami in 2025?
Any loan above $819,000 is considered a jumbo loan in most counties, including Miami-Dade. Many buyers here use jumbo loans for homes priced from $1 million to $5 million.

Can I get a jumbo loan with 10% down?
Yes. Many buyers can qualify with as little as 10% down, and there’s no PMI required. You’ll just need strong credit and solid income.

Do jumbo loans have higher rates than regular loans?
Not always. In 2025, rates on Jumbo Loans in Miami are competitive — sometimes even lower than conforming loans for qualified buyers.

Can I use a jumbo loan to buy an investment property?
Yes. Many investors use jumbo loans to buy rental properties or second homes in Miami, especially in areas with strong Airbnb or seasonal rental demand.

Do I need perfect credit to get approved?
No. A minimum credit score of 660 is required, but higher scores can unlock better terms. Solid income and a low debt-to-income ratio help, too.

Por qué trabajar con The Doce Mortgage Group

If you’re thinking about using a Jumbo Loan in Miami, you’re going to want a team that actually knows this market. The Doce Mortgage Group has helped hundreds of buyers in South Florida get approved fast, with real local insight and personal service.

We offer:

  • Fast approvals and very competitive rates

But don’t just take our word for it. Check out what our clients have to say. They’ve shared their real experiences, and we’re proud of the trust they’ve placed in us.

If you’re serious about moving forward, there’s no reason to wait. Use our Mortgage Calculator to estimate your payments, or go ahead and start your application now. Or call us today at 305-900-2012 to talk with a Miami jumbo loan expert and take the next step toward owning your dream property.

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