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Jumbo Without The Mumbo - Mortgage Broker in New Smyrna Beach for Condos

Updated: Jun 16, 2021

Congrats to Paul on his oceanfront condominium located at 4071 S. Atlantic Ave, New Smyrna Beach, Florida! Located on a beautiful stretch of 'no-drive' beach just north of Edgewater, Florida. Seacrest has two and three bedroom units that are all direct oceanfront with an oceanfront pool, natural dunes, fitness center, and social room with billiards and a catering kitchen.

When other banks and lenders say no, we have a portfolio that allows for a variety of loan options to say yes. Loans enter the jumbo category when they exceed $453,100. You must have a 680 FICO score but if above 700, we provide exclusively low rates.

We have jumbo loans for primary, secondary, and investment homes either as fixed rate or ARMs. Let's see what we can do for you!

Seacrest Condominium in New Smyrna Beach, Florida
Freddy Kling with Simplicity Mortgage financed another condo in New Smyrna Beach, Florida

Jumbo loans are typically used to buy more expensive and high-end condominiums. They have more strict underwriting guidelines and require more reserves than conforming loans, due to the higher loan amounts. The average credit score should be 740 or above, but can be as low as 660. If scores fall beneath the requirements, it would need to be offset with low debt-to-income ratio. Some jumbo loans have a hard cap of 45% debt-to-income ratio but every scenario can be different.

Call Freddy Kling or Tara Kling at 386-401-9000 to get pre-approved for your next jumbo refinance or purchase.


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