Jumbo Loans exceed the maximum “conforming limit,” also referred to as Fannie Mae and Freddie Mac conventional loan limits. In Florida, that limit is $424,100.
While most Jumbo loans usually require a higher down payment than traditional loans (20-25%) Prodigy Home Loans now offers a jumbo loan with a down payment of just five percent for loan amounts of $424,100 to $636,150 for qualified buyers purchasing a single family, primary residence.
Owning your dream home has never been more affordable. Contact us today for more information. One of our experienced loan professionals will be happy to assist you.