Can I get a jumbo loan for a second home?
Yes. Jumbo financing is available for second homes, common for higher-priced Florida vacation properties. Expect a larger down payment and reserve requirement than a primary residence.
The home must be a genuine second home, not a rental. We'll match your file to a second-home jumbo program with terms that work for a part-time residence.
Yes, with stronger terms
Yes, you can use a jumbo loan for a second home, which is common in Florida's vacation markets. Expect a slightly higher down payment and rate than on a primary residence.
Lenders view second homes as a bit riskier, so the requirements tighten a little.
What you will need
Plan on a solid credit score, a down payment often around 10% to 20% or more, and healthy reserves. The home must be a true second home, not a rental.
We finance jumbo second homes across Florida's coast. Apply now and we will structure the right loan for your getaway.
Verify the details for your own situation against these government and agency sources: FHFA conforming loan limits and CFPB Owning a Home guide.