When your dream home’s price goes beyond traditional loan limits, jumbo loans can make it possible. At Zarro Mortgage Group, we help qualified borrowers secure larger home loans with competitive rates, transparent guidance, and local expertise. Whether you’re purchasing a luxury waterfront property in Martin County or refinancing a high-value home in St. Lucie County, our team specializes in simplifying complex jumbo mortgage financing options tailored to your goals.
What Is a Jumbo Loan?
A jumbo loan is a type of non-conforming mortgage—meaning it exceeds the loan limits set each year by the Federal Housing Finance Agency (FHFA). Because these loans are larger than what government-backed entities like Fannie Mae and Freddie Mac will insure, they require private lending and more individualized underwriting.
In 2025, any mortgage above $819,000 is typically classified as a jumbo loan in most counties. However, in high-cost areas—like parts of coastal Florida—the limit can reach $1,209,750. Any loan above that threshold is considered a jumbo mortgage.
For buyers seeking luxury homes, estates, or waterfront properties, jumbo loans provide the flexibility needed to purchase homes that fall outside traditional lending limits.
How Jumbo Loans Work
A jumbo loan works much like a conventional mortgage, but with enhanced requirements and greater flexibility. Borrowers can choose between fixed-rate and adjustable-rate terms and tailor their financing to align with their short- or long-term financial goals.
Because jumbo loans are non-conforming, lenders take on greater risk when issuing them. That’s why these loans typically require a higher level of borrower qualification—strong credit, healthy income ratios, and significant financial reserves.
At Zarro Mortgage Group, our experienced team makes the jumbo mortgage process smooth from application to closing. We’ll help you understand your eligibility, compare lender options, and secure the most favorable rates available through our extensive network of lending partners.
Jumbo Loan Requirements
Securing a jumbo loan often requires stronger financial credentials compared to a standard mortgage. Here’s what lenders typically look for:
💰 Down Payment
Most jumbo mortgage programs require at least 20% down, though select borrowers with exceptional credit may qualify with 10% down. For instance, a $1 million property could require a $200,000 down payment.
💳 Credit Score
Borrowers usually need a minimum credit score between 700 and 720 to qualify. Higher scores can improve your chances of securing lower rates and more flexible terms.
📊 Debt-to-Income Ratio (DTI)
Lenders prefer borrowers with a DTI ratio below 43%—meaning your total monthly debts should not exceed 43% of your gross monthly income. This ensures your income comfortably supports your mortgage payments.
💼 Cash Reserves
Because jumbo loans are larger and riskier for lenders, borrowers are often required to show 6 to 18 months of mortgage payments in reserve. These reserves demonstrate financial stability and provide peace of mind to the lender.
Jumbo Loan Rates
Historically, jumbo loan rates were higher than conventional mortgage rates. However, competitive lending markets and stronger borrower profiles have narrowed that gap. Today, many qualified applicants can access rates similar to—or even below—standard conforming loan rates.
At Zarro Mortgage Group, we compare jumbo mortgage programs from multiple lending sources to ensure you get the most competitive rate for your situation. Because jumbo loans aren’t backed by government agencies, your individual financial profile plays a key role in determining your rate.
Advantages of Jumbo Loans
Jumbo loans offer significant advantages for borrowers seeking flexibility and financing power. Here’s why many high-income buyers choose them:
🏠 Higher Loan Limits
Finance larger, luxury, or waterfront properties without splitting your financing into multiple smaller loans.
⚙️ Flexible Loan Options
Choose between fixed or adjustable rates, as well as various loan term lengths, to fit your financial strategy.
💼 Personalized Solutions
Jumbo loans cater to professionals, business owners, and investors who may have complex income structures or non-traditional financial documentation.
🌴 Local Expertise
As a jumbo mortgage lender serving Martin and St. Lucie County, Zarro Mortgage Group understands the nuances of Florida’s luxury real estate market—and helps you navigate it confidently.
Considerations Before Applying for a Jumbo Loan
While jumbo loans offer excellent flexibility, they also come with additional considerations:
- Larger Down Payments: Expect to bring more cash to closing compared to FHA or VA loans.
- Higher Closing Costs: Because fees are based on loan size, total costs can be higher.
- Strict Qualification Standards: Lenders will review income, credit, and reserves closely.
- Limited Government Backing: These loans aren’t insured by Fannie Mae or Freddie Mac, meaning rates and terms vary more widely.
Zarro Mortgage Group will walk you through every factor to ensure your jumbo mortgage program aligns with your goals and comfort level.
Who Benefits from a Jumbo Loan?
Jumbo loans are designed for buyers and homeowners with larger financial goals or unique property needs. You may benefit from a jumbo mortgage if you are:
- Purchasing a luxury home, estate, or waterfront property in Martin or St. Lucie County.
- Investing in a primary residence or second home above local conforming limits.
- Refinancing an existing jumbo loan for better terms or rates.
- Seeking a non-conforming loan tailored to your income or investment profile.
At Zarro Mortgage Group, we specialize in helping high-income professionals, entrepreneurs, and investors secure the jumbo financing they need—without unnecessary stress.
Jumbo Loans vs. Conforming Loans
| Feature | Conforming Loan | Jumbo Loan |
|---|---|---|
| Loan Limit | Up to $$819,000 | Above $819,000(varies by county) |
| Backed By | Fannie Mae / Freddie Mac | Private lenders |
| Credit Score | 620+ | 700–720+ |
| Down Payment | 3%–20% | 10%–30% |
| Cash Reserves | None required | 6–18 months typical |
| Interest Rates | Standard | Competitive, slightly higher |
Jumbo Loan Refinancing
If you already own a high-value property, refinancing your jumbo loan may help you save money or free up equity. Refinancing can allow you to:
- Lower your interest rate to reduce monthly payments.
- Access your home’s equity for investments or major purchases.
- Change your loan term from adjustable to fixed, or vice versa.
- Consolidate debts into one streamlined payment.
Our refinance specialists at Zarro Mortgage Group will analyze your current mortgage and financial goals to find a solution that maximizes your long-term benefits.
Why Choose Zarro Mortgage Group for Your Jumbo Mortgage?
At Zarro Mortgage Group, we understand that larger loans require more than a standard lending approach—they require precision, strategy, and local insight. Here’s what sets us apart:
- Local Expertise: Serving Martin County, St. Lucie County, and the Treasure Coast, we understand Florida’s luxury real estate market.
- Tailored Solutions: Every jumbo loan is structured around your financial profile, goals, and property type.
- Personalized Support: You’ll work with a dedicated mortgage expert from application to closing.
- Transparent Process: No surprises—just clear communication and fast approvals.
Ready to Explore Jumbo Loan Options?
Purchasing or refinancing a high-value home doesn’t have to be complicated. Whether you’re looking for jumbo loans in Martin County or exploring jumbo mortgage programs across Florida’s Treasure Coast, Zarro Mortgage Group is your trusted partner for expert guidance and competitive rates.
📞 Contact us today to get started with a personalized jumbo loan consultation and see how we can help you secure your dream home with confidence.
