10% Down Jumbo Loans & Super Jumbo Mortgages in Florida

Experience the luxury of high-value property ownership and refinancing with our 10% down jumbo loans and super jumbo loans in Florida. We offer tailored 90% LTV solutions for purchases and rate-and-term refinances, making your real estate goals more accessible than ever.

The popularity of 10% down jumbo loans in Florida

In the high-value real estate market of Florida, 10% down jumbo and super jumbo loans for primary residences are becoming increasingly popular.

In 2024, a jumbo loan in Florida for a single-family home is anything above $766,550, whereas a super jumbo loan typically starts at $3 million.

With the unique combination of high 90% leverage and high loan amount, you can buy a luxury property while maintaining your liquidity for other investments or expenditures.

But the benefits of these loans aren’t limited to purchases. If you’re looking to refinance, you can also take advantage of 90% LTV jumbo loans for a rate-and-term refinance to secure better loan terms.

Whether you’re buying or refinancing, super jumbo and jumbo loans with 10% down offer a powerful tool for property investment in Florida.

What makes our jumbo loans with 10% down unique?

Our 10% down jumbo loan programs stand out for their flexibility and creativity.

We work with jumbo and super jumbo lenders who think outside the box, offering programs that let you have your cake and eat it too.

You can enjoy the benefits of a high LTV of 90% and creative flexible guidelines.

You don’t need perfect income, perfect DTI, or perfect credit to get high leverage for a jumbo purchase or refinance.

No tax returns required

Our 10% down jumbo loans offer a simplified qualification process. There's no need to provide tax returns. Instead, you can qualify with 12- or 24-month bank statements, or even a profit and loss statement. This makes the application process smoother and more accessible.

Higher DTI allowed

Our program features both a 90% LTV and higher DTI allowance. This is designed to help borrowers who just miss qualifying for conventional full doc programs. While traditional lenders require 43% or less for DTI, our lenders allow up to 50% DTI.

Lower credit scores allowed

With our 10% down jumbo loans, you don't need perfect credit to secure high LTV. While traditional lenders require a credit score of 740, our lenders only require 700. This opens up more opportunities for borrowers with less-than-perfect credit.

A super jumbo or jumbo loan with 10% down to suit you

We’re not a traditional bank. As a mortgage broker with a network of creative, non-QM lenders, we can tailor your 90% LTV wishes to your exact needs.

Whether you’re looking for a jumbo mortgage with 10% down to purchase or refinance, we can help you find the right solution.

Looking for a cashout refinance? Discover our jumbo cashout refinance programs.

Need a conventional loan instead of a jumbo loan? We can help with that as well. Read our guide on conventional loan vs. jumbo.

Self-employed jumbo loan with 10% down

Our 10% down jumbo loans aren’t just for traditionally employed borrowers.

If you’re self-employed, you can also take advantage of these loans.

You don’t need to provide two years of tax returns. Instead, you can qualify based on your bank statements or a profit-and-loss statement.

If you have multiple businesses, that’s not a problem. We can even include your spouse’s W2 income if needed. With multiple methods for calculating income, we maximize self-employed borrowers’ business earnings to qualify them for their dream home.

Pledged assets to get 90% LTV

Our pledged assets program offers a unique way to secure a 10% down jumbo loan.

This program allows you to pledge your assets, such as cash, stocks, bonds, CDs, savings accounts, and mutual funds, to make up for any deficit in your loan amount.

This means you can achieve high LTVs without having to liquidate your assets and incur capital gains implications. It’s a creative solution for borrowers looking to purchase or refinance a high-value property without a large down payment.

Cross-collateralization to get 90% LTV

Cross-collateralization is another innovative program we offer for securing a 10% down jumbo loan.

This program allows you to leverage the value of your other properties to secure a loan for a new property.

By pledging multiple properties as collateral, you can secure a higher loan amount and achieve 90% LTV (even 100% LTV). This program is a great solution for borrowers with multiple properties looking to invest in additional high-value real estate.

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Why use DAK Mortgage to access a 10% down jumbo mortgage or super jumbo mortgage

At DAK Mortgage, we specialize in connecting borrowers with jumbo mortgages with 10% down.

We understand that only a few lenders in the U.S. specialize in 90% LTV jumbo loans. That’s why we’re here to help you find the most competent jumbo lenders, the needle in the haystack.

$1.2M purchase of home at 90% LTV

Our client, previously declined by another lender due to an IRS tax lien, sought a jumbo loan for a Miami Beach property purchase.

Besides his credit history, another hurdle we encountered was the appraised value came in lower than the contract price, necessitating a higher loan-to-value.

We successfully secured 90% LTV for our client.

90% CLTV piggyback loan

In another case, we assisted a client in obtaining a conforming loan and a “piggyback” HELOC loan, which resulted in a 90% combined loan-to-value (CLTV).

While this loan didn’t technically fall into the jumbo category, we creatively structured it to give our client the same result as jumbo loans with 10% down.

This not only met the client’s financial needs but also demonstrates that there is more than one way to get both 90% LTV and a high loan amount.

We are 10% down jumbo loan & super jumbo loan specialists in Florida

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Jumbo mortgage with 10% down: FAQs

What loan can I get with 10% down?

With a 10% down payment, you can qualify for a variety of loan types, including jumbo loans. However, the exact loan you can get will depend on various factors, including your credit score, income, and the property. For high-value properties, a 10% down jumbo loan can be an excellent option.

Can I put 10% down on a jumbo loan?

Yes, you can put 10% down on a jumbo loan. This is possible through certain loan programs that offer high loan-to-value (LTV) ratios. These programs allow you to purchase or refinance a high-value property with a smaller down payment, making it more accessible for many borrowers.

Can you put less than 20% on a jumbo loan?

Yes, it’s possible to put down less than 20% on a jumbo loan. Some lenders offer jumbo loans with down payments as low as 10%. These loans often come with higher interest rates or require private mortgage insurance, but they can make purchasing a high-value property more accessible.

Do jumbo loans have PMI with 10 % down?

Yes, typically, jumbo loans with a down payment of less than 20% require Private Mortgage Insurance (PMI). However, there are loan programs that allow you to avoid PMI, even with a 10% down payment. These programs use creative solutions to provide high LTV loans without the extra cost of PMI.

How can I avoid PMI on a jumbo loan?

There are several ways to avoid PMI on a jumbo loan. One way is to make a down payment of 20% or more. If that’s not possible, you might consider a piggyback loan, where you take out a second loan to cover part of the down payment.