Naples has made a significant rebound since the hurricanes over the past few years. While much progress has been made on the rebuilding front, there’s still a lot of work to do. It’s important for people to have access to affordable financing options in the wake of any natural disaster.
Owning a luxury home in a highly desirable location such as Naples can certainly be expensive. But with a jumbo mortgage, it’s possible to own or rebuild your home with little down payment. A jumbo loan is designed specifically for higher-cost homes, and in general provides financing amounts greater than traditional conforming mortgage limits.
The 2025 conforming loan limit in Collier County (and most of Florida) is currently set to $806,500 for a 1-unit property, please find the chart below for multi-unit properties. Any mortgage amount greater than this would be considered a Jumbo loan.
Base Conforming Loan Limits for 2025
| Units | Collier County | |
| 1 | $806,500 | |
| 2 | $1,032,650 | |
| 3 | $1,248,150 | |
| 4 | $1,551,250 |
Since the median home sale price in Naples is around $790,000 now, it’s easy to see the important role Jumbo financing plays. Jumbo loans can offer several advantages over traditional bank mortgages.
First, they can help buyers finance amounts that may not be eligible for regular conforming loan limits found above. New jumbo products permit financing up to 90% and even 95% loan to value. The loan limits do vary based on credit and loan to value.
In general, 90% financing is available for loans up to $2.5m for qualified buyers in FL. 95% financing is available up to $1.75m. *These limits apply strictly to primary homes. Financing for second vacation homes and investment properties is also permitted, but will require a greater down payment. *Please check the Jumbo Purchase page for the latest requirements, as these can change.
Jumbo mortgages can be used for a variety of purposes:
- Of course, most homeowners use them to finance a new home purchase, whether it’s an existing home or new construction.
- Cash-out refinances are helpful for current homeowners doing renovations and/ or storm repairs.
- Real estate investors purchase an investment property for either long-term or short-term rentals.
- Jumbo loans can be tailored to fit your individual needs. Whether you’re looking for a fixed-rate or adjustable-rate loan, you are sure to find the right product to meet your needs.
Qualifying for Jumbo Financing:
Buyers should have a good credit score, documented assets for down payment and reserves, and proof of income. It’s also important that applicants can demonstrate their ability to repay the loan amount over time. *Self-employed buyers do have special bank statement loan qualifying options available.
We are dedicated to helping you find the best mortgage solutions for your individual needs. Our knowledgeable team will provide you with personalized advice and timely guidance throughout the entire process. Please call Ph: 800-962-0677 or submit the Quick Contact Form today to learn more and get started.
