A loan is considered jumbo if the amount of the mortgage exceeds loan-servicing limits set by Fannie Mae and Freddie Mac — currently $715,000 for a single-family home in all states.

Pinellas County is one of the most desirable Florida Locations. Surrounded by waters of Gulf of Mexico and Tampa Bay, and white sand beaches – it’s a perfect place to live and visit. Clearwater and St. Petersburg beaches have been rated #1 in America. Beachfront, Waterfront, Boating and Golfing communities are all here for your enjoyment.

Obviously, the requirements for a jumbo are higher because a higher loan amount involves more risk. To receive a jumbo loan, you may have to have plentiful cash reserves and adequate documentation. Your credit score must be 680 or higher.

You’ve Come to the Right Spot!!

With our unique mortgage options, you can own the home you love now. Our underwriting approach may allow you to qualify for more financing than traditional lenders offer. We offer flexible down payments ranging from 3% on loans for less than $715,000 and 10% on jumbo loans.

Although we do offer jumbo loans for as little as 10% down, the better pricing is found with a 20% to 25% down payment.

Ruth Schoenherr is a mortgage broker who will help you find home loans in the Clearwater and Tampa Bay area, and serving all of Florida. For more information, go to her web site www.ClearwaterMortgageBroker.net or call at 727 447-2418