Jumbo Mortgage Loans In Florida

Today’s luxury real estate market can make it very challenging for you to find the right luxury forever home of your dreams. But more so, it can be much more challenging when you’re attempting to find and hire the best mortgage lenders. There are numerous options for you to select from, especially when you’re looking for a quality candidate in the Sunshine State, where numerous Florida jumbo loan lenders will make you an offer that seems appealing. But while they appear promising and beneficial, it’s imperative that you’re aware not all Jumbo loan lenders in Florida offer the same set of terms. And if you’re burdened with attempting to find the right loan lender, then don’t keep frustrating yourself by calling the professionals at American Bancshares today!

American Bancshares’ 20+ years of gained experiences spawned from their provided exceptional services as well as their deep commitment to empowering communities is what has made them recognized as the premier provider of jumbo loans in Florida for many years. If you’re curious to learn more about why you should choose us as well as what a Jumbo loan is, then continue reading below.

Why You Should Choose American Bancshares For Their Jumbo Mortgage Loans in Florida

We here at American Bancshares are recognized nationally as not only one of the most established Florida jumbo loan lenders, but also as one of the most reliable. For more than 20 years, our business has empowered various partners and communities. And as a result of our work, our provided services have extended far across the entire nation.

The organizational structure of American Bancshares was designed and crafted by industry professionals who are deeply knowledgeable about today’s home financing market. Unlike banks, American Bancshares offers mortgage products, meaning that all of our lenders of jumbo loans in Florida are licensed and even well-versed in mortgage lending. They’re not only qualified to offer you expert and ethical advice but are also committed to helping you find the right loan with a rate, terms, and cost-effectiveness that’s optimized for your needs.

American Bancshares’ deep passion to serve the community derives from our core values as an organization: commitment, integrity, and transparency. Many of our employees — including our senior management — have held a position in every chair of the mortgage industry. And thanks to this, we’re able to gain significant insight from all perspectives. More so, this in-depth perspective paired with deep knowledge has also allowed us to effectively and efficiently adapt to industry changes while still being able to provide you with super service and first-in-class customer service that we’re so widely recognized for.

We possess leveraged technology to provide you with a simple, straightforward, online stress-free mortgage application experience. Through us, you’ll be granted one of our jumbo loans in Florida that will help you acquire the luxury property you seek to purchase.

Jumbo Mortgage Loans in Florida

That big, luxury home that you’ve been eyeing seems impossible to acquire. Especially when you have little in the bank to pay for it. But it is doable when you’re approved for a jumbo mortgage loan.

Jumbo mortgage loans in Florida are designed to finance luxury properties and homes that are offered in highly competitive local real estate markets. You will need to undergo rigorous and strict credit requirements in order to qualify for a jumbo mortgage loan, and because of this, it can be hard to tell off the bat if you’re eligible or not. But essentially, if you possess an above-average credit score and a very low debt-to-income ratio, you might just be able to qualify for jumbo loans in Florida. And with our expertise, we’ll be able to indicate for you if you can or not.

Down Payment on Jumbo Mortgage Loans in Florida

A Florida jumbo loan sounds like it’ll be pricey when it comes to down payments. But truth be told, down payment requirements for jumbo loans have loosened up compared to what they were like in the past. Years ago, jumbo mortgage loans in Florida would be as much as 30% of the residence’s purchase price. Now, however, the average for that figure has fallen down as low as 10% to 15%. 

When you speak with a consultant of American Bancshares, we’ll be able to provide you with an estimate of what your down payment will be for our jumbo loans in Florida.

Should You Take Out a Jumbo Loan in Florida?

When it comes to deciding if you should take out a jumbo loan in Florida or not, the bottom line comes to how much you can ultimately borrow depending on your assets, your credit score, and the value of the property you’re interested in purchasing.

Jumbo mortgage loans in Florida are considered appropriate for those who fall under the category of high-income earners ($250,000 – $500,000). This category is known as HENRY, an acronym for High Earners, Not Rich Yet. Generally, such individuals make a lot of money but don’t have millions in extra cash or other assets accumulated (yet).

Even if you belong in the HENRY category and have not amassed a tremendous amount of wealth to buy expensive luxury property, you can still likely qualify for jumbo loans in Florida. If you have better credit scores and extensively established credit histories that are better than the average homebuyer, a jumbo loan is right for you.

Hire American Bancshares For Their Jumbo Mortgage Loans in Florida

When you’re ready to purchase your desired property and need assistance from a qualified Florida mortgage lender, pick up the phone and call the experts over at American Bancshares. American Bancshares has been trusted by numerous clients for not only their professionalism and expertise but also for their devotion to helping you become a part of a better community. You can trust that with their deep knowledge and handiwork, you’ll become absolutely satisfied with their services. For any inquiries, you may call us at 1-833-937-2276 or sign up for a free consultation online.