Jumbo refinancing is the standard refi path for Florida coastal and luxury markets. Any loan balance above the county conforming limit is jumbo — that covers essentially any six-figure balance in Naples, Miami Beach, Fort Lauderdale, Palm Beach, Sarasota's coastal neighborhoods, Destin, 30A, Key West, and the higher-end sections of Tampa and Orlando.
Where jumbo refinance is common in Florida
- Monroe County (Key West, the Keys) — 2026 conforming limit $967,150
- Collier County (Naples, Marco Island) — $806,500 base with widespread jumbo
- Miami-Dade County (Miami, Miami Beach, Coral Gables) — $806,500 base
- Broward County (Fort Lauderdale) — $806,500 base
- Palm Beach County (Palm Beach, Boca Raton) — $806,500 base
- Walton County (30A, Santa Rosa Beach) — $806,500 base
- Okaloosa (Destin, Fort Walton Beach) — $806,500 base
See Florida loan limits for the full county table.
Jumbo refinance terms
- LTV: up to 80–90% rate-and-term, up to 70–80% cash-out
- Loan amount: up to $5M standard, higher on select portfolio programs
- FICO: 720+ typical, 680+ available on select programs
- Reserves: 6–12 months PITIA typical, more for larger loans
- Property types: primary residence, second home, and investment property
- DTI: typically capped at 43%, up to 50% on select programs
Second-home and vacation-rental jumbo
Second-home jumbo is common in Naples, Sarasota, Destin, 30A, and the Keys. If the property is short-term rented more than 14 days per year, most lenders re-classify it as an investment property; consider DSCR refinance Florida instead.
FAQs
What counts as a jumbo refinance in Florida?
Any loan balance above the county conforming limit. Monroe County (Keys) has a limit of $967,150 in 2026. Miami-Dade, Broward, Palm Beach, and Collier (Naples) sit above the standard $806,500 base. Jumbo starts above those limits.
What LTV is available on a Florida jumbo refi?
Rate-and-term jumbo typically goes up to 80–90% LTV depending on FICO and loan size. Cash-out is capped at 70–80%.
How does Florida's insurance market affect a jumbo refi?
Jumbo lenders scrutinize hazard, wind, and flood insurance closely, particularly in coastal counties. Start insurance shopping the day the refi begins so quotes and binders are in hand before closing.
What credit score do I need?
Most jumbo programs require 720+ FICO. Some allow 680+ at reduced LTV. Below 680 typically requires non-QM jumbo.
Related: Jumbo loans Florida · Florida loan limits · Refinance Florida hub · Cash-out refinance Florida