Naples, Florida has one of the highest median home prices in the state — and a significant portion of transactions require jumbo financing. Here's what buyers and investors need to know about jumbo mortgages in Collier County.
The Naples Jumbo Market
Collier County's 2026 conforming limit is $832,750. With Naples' median home price around $795,000, properties in Port Royal, Pelican Bay, Park Shore, Olde Naples, and waterfront communities routinely exceed $1M–$5M+. Super-jumbo transactions above $3M are common in Port Royal.
Naples Jumbo Loan Options
Standard Jumbo ($832,751–$2M) • 10–15% down for second homes (700+ FICO) • 20% down for investment properties • Full doc W-2 or bank statement alternatives • Rates typically within 0.25–0.375% of conforming
Super-Jumbo ($2M–$10M+) • 20–30% down • 12–24 months PITI reserves • Strong FICO (720–740+) • Custom underwriting through portfolio lenders • Interest-only options available • Private banking relationships for $5M+
Self-employed Naples Buyers
Naples has a high concentration of business owners, retirees, and entrepreneurs whose tax returns understate their true income. Bank statement jumbo programs (12–24 months of deposits as qualifying income) and asset depletion programs (liquid assets ÷ 60–84 months = monthly income) are widely used here.
Naples Second Home vs. Investment Property
Second home (Naples vacation residence, used personally): • 10% down available, conventional second-home rates • Lower rate than investment property • Must not be in a mandatory rental program
Investment / DSCR (full-time rental): • 20–25% down • DSCR loan qualifies on rental income • Can close in LLC