With a median price of $895,000, most Miami Beach home purchases exceed Miami-Dade County's $832,750 conforming limit — making jumbo financing the standard, not the exception. Jumbo loans above $832,750 are not sold to Fannie Mae or Freddie Mac and are instead underwritten by portfolio lenders, each with their own guidelines. Down payment requirements typically start at 20% ($179,000) and can go lower on select programs with strong credit profiles.
Many Miami Beach buyers — particularly second-home purchasers and self-employed buyers — show lower reported income relative to assets. Bank statement programs (12–24 months of deposits as income) and asset depletion programs (dividing liquid assets by the loan term to create qualifying income) are common solutions. Foreign national jumbo programs are also available for non-US-citizen buyers.
Asset depletion, bank statement, and ITIN jumbo programs available for Miami Beach buyers who don't fit standard income documentation. Ask us about non-QM jumbo options.
We work with 40+ jumbo and portfolio lenders. Tell us your purchase price and income situation — we'll find the best rate and structure for your profile.
Tell us a little about you and we'll reach out personally — usually within one business day.
Or call (970) 708-9624