Florida Jumbo Loan Limits 2025: Everything You Need to Know

For many Florida homebuyers, especially in high-cost areas like Miami, Palm Beach, and Naples, understanding the jumbo loan limit 2025 is crucial for planning a mortgage. Jumbo loans are designed for properties that exceed conforming loan limits, providing financing options for luxury homes or high-value properties.

This guide explains what is a jumbo loan limit, how the limits are determined, and what Florida buyers need to know in 2025. We’ll also cover eligibility, refinancing options, and key distinctions from other loan programs.

What Is a Jumbo Loan?

A jumbo loan is a mortgage that exceeds the conforming loan limit, meaning it cannot be purchased by Fannie Mae or Freddie Mac. Because these loans carry more risk for lenders, mortgage jumbo loan limits come with stricter approval requirements, higher credit score expectations, and slightly higher interest rates.

In Florida, where many coastal and metropolitan properties are valued above the national conforming loan limit, jumbo loans are common for buyers seeking homes beyond the $750,000 threshold.

Jumbo Loan Limit 2025 vs. 2024

The jumbo loan limit 2025 reflects adjustments based on rising home prices across Florida. While the jumbo loan limit 2024 was approximately $1,149,825 in high-cost areas, 2025 maintains a similar ceiling with slight adjustments depending on the county and market conditions.

• National baseline (non-high-cost areas): $750,000
  
  
• Florida high-cost counties: Typically up to $1,125,000–$1,150,000
  
  
• Impact: Homebuyers in cities like Miami, Orlando, and Tampa may need a jumbo loan if the property price exceeds the 2025 jumbo loan limit.

Florida Jumbo Loan Limits by County

Jumbo loan thresholds vary slightly by county to reflect local housing prices:

• Miami-Dade County: Up to $1,125,000
  
  
• Palm Beach County: Around $1,125,000
  
  
• Broward County: Approximately $1,125,000
  
  
• Other Florida counties: Typically $750,000 (baseline)

These limits help determine which homes require jumbo financing versus conforming loans. Buyers should consult local lenders to confirm their exact county’s limit.

VA Jumbo Loan Limit

Veterans using a VA loan for a high-value property may also encounter the VA jumbo loan limit. For borrowers with full VA entitlement, there is generally no limit — they can purchase any property their lender approves based on income and credit.

For those with partial entitlement, the VA guarantees up to the county-based limit, similar to conventional jumbo loan rules. Florida’s high-cost counties generally mirror the figures above.

Eligibility for a Jumbo Loan

Securing a jumbo loan requires meeting stricter financial criteria than conforming mortgages:

• Credit score: Typically 700 or higher
  
  
• Debt-to-income ratio: Often under 45%
  
  
• Down payment: 10%–20% minimum
  
  
• Income documentation: Detailed proof of income and assets
  
  
• Reserves: Lenders may require several months of cash reserves

These requirements help ensure that borrowers can handle larger monthly payments and higher total loan amounts.

Refinancing a Jumbo Loan

Yes, jumbo loans can be refinanced. Refinancing options include:

• Rate-and-term refinance: To reduce interest rate or adjust the loan term
  
  
• Cash-out refinance: To access equity in a high-value property

Refinancing a jumbo loan may require meeting the same credit and income thresholds as the original loan, and interest rates may differ slightly from standard mortgages.

Why Jumbo Loans Matter in Florida

Florida’s housing market has high median home prices in many counties, particularly in coastal cities. Jumbo loans allow buyers to:

• Finance luxury or larger properties above conforming limits
  
  
• Access competitive interest rates despite higher loan amounts
  
  
• Avoid large down payments relative to the total property value

According to Zillow, the median home price in Miami-Dade County in 2025 is over $550,000, meaning many properties fall into jumbo loan territory for first-time or move-up buyers.

How Midwest Mortgage Can Help

At Midwest Mortgage, we specialize in helping Florida buyers navigate jumbo loan financing. Our experts guide you through:

• Understanding your county-specific jumbo loan limit Florida
  
  
• Prequalification and documentation requirements
  
  
• Comparing jumbo loan rates with conventional or VA options
  
  
• Refinancing strategies to maximize savings and flexibility

With a local market focus, we ensure that buyers make informed decisions and secure financing that aligns with their goals.

FAQs About Jumbo Loans

1. What is the jumbo loan limit?

A jumbo loan is any mortgage exceeding the conforming loan limit, typically above $750,000 nationally. High-cost Florida counties may have limits around $1,125,000.

2. What is the difference between a jumbo loan and an FHA loan?

Jumbo loans exceed conforming limits and are not backed by federal agencies, while FHA loans are government-insured, designed for lower credit scores and smaller down payments.

3. Can you refinance a jumbo loan?

Yes. Jumbo loans can be refinanced through rate-and-term or cash-out refinance programs, though eligibility requirements are stricter than for conforming loans.

4. Who is eligible for a jumbo loan?

Borrowers typically need strong credit (700+), sufficient income, low debt-to-income ratio, and cash reserves. Down payments often range from 10%–20%.

Final Thoughts

The jumbo loan limit 2025 plays a vital role for Florida homebuyers seeking higher-priced or luxury properties. Understanding county-specific limits and eligibility criteria ensures you can access the best financing options without unnecessary surprises.

If you’re planning to buy or refinance a high-value home in Florida, Midwest Mortgage can help you navigate jumbo loan options with confidence, providing expert guidance and tailored solutions to fit your financial goals.

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