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Jumbo Loans in Sarasota, FL
A jumbo loan is any mortgage above the 2026 conforming limit of $832,750 for a one unit home in Sarasota and Manatee counties. Braun Mortgage Group is an independent mortgage broker in Sarasota that compares jumbo programs from 20+ wholesale lenders, with over $1 billion closed by owners Greg and Cameo Braun across 22 years.
Call or Text Greg: (941) 315-2112
Available 24/7 | Free Consultation | Fast Pre-Approvals
Braun Mortgage Group's office is on Lake Osprey Drive at University Parkway in Sarasota. Meetings are by appointment, and Greg answers calls and texts evenings and weekends.
When you need a jumbo loan in Sarasota
Conventional (conforming): $832,750
FHA: $547,400
Jumbo: Above $832,750
The limit applies to the loan amount, not the price. A $1,000,000 home with 20% down needs an $800,000 loan, which is still conforming. The same home with 10% down needs $900,000, which is jumbo.
Where jumbo loans are common around Sarasota
• Lakewood Ranch luxury villages: The Lake Club, Waterside's Wild Blue and Kingfisher Estates, Lakewood Ranch Country Club and the upper end of Star Farms.
• The barrier islands: Longboat Key, Lido Key, Bird Key, Siesta Key and Casey Key.
• Downtown Sarasota: waterfront condos and newer luxury towers.
• Waterfront and estate homes in Osprey, Nokomis and along the bay.
Typical jumbo requirements
Down payment: 10% to 20% for most programs; some lenders go lower on smaller jumbo loans
Credit score: Often 680 to 700 minimum; best pricing usually 740 and up
Debt to income: Often 43% or lower; some lenders allow more with strong reserves
Reserves: Often 6 to 12 months of payments after closing; more on larger loans
Appraisal: One appraisal; some lenders require two on larger loan amounts
Mortgage insurance: Usually none with 20% down; some programs waive it at 10% down
Income documents: Full documentation, bank statements or assets, depending on the program
Terms vary by lender and change often. Unlike conforming loans, jumbo loans have no single national rulebook, so the same buyer can see very different rates and requirements from one lender to the next. That's why shopping 20+ lenders matters most at this price point.
Jumbo options we compare
Full documentation jumbo
How it qualifies you: Tax returns, W-2s and pay stubs
Typical fit: Salaried professionals and retirees with clear income
Bank statement jumbo
How it qualifies you: 12 or 24 months of deposits instead of tax returns
Typical fit: Business owners who write off a lot
Asset based jumbo
How it qualifies you: Liquid assets converted to qualifying income
Typical fit: Retirees, buyers with large portfolios
Interest only jumbo
How it qualifies you: Lower early payment; principal paid later
Typical fit: Buyers expecting a bonus, sale or liquidity event
Adjustable rate jumbo
How it qualifies you: Fixed for 5, 7 or 10 years, then adjusts
Typical fit: Buyers who expect to move or refinance
Jumbo DSCR
How it qualifies you: The property's rent instead of your income
Typical fit: Investors and second home buyers renting it out
Piggyback (80/10/10)
How it qualifies you: A conforming first mortgage plus a second loan
Typical fit: Buyers just above the limit who want to avoid jumbo terms
What's different about jumbo loans in Sarasota
Flood insurance above the federal cap
The National Flood Insurance Program covers a home's structure only up to $250,000. On a coastal home worth far more, your lender may require additional coverage, and private or excess flood policies fill the gap. Get quotes early, because premiums can change how much you qualify for.
Wind and hurricane coverage
Florida homeowners policies often carry a separate hurricane deductible, commonly a percentage of the dwelling coverage. On a large home that can be a big number, and lenders look at the full premium.
Condo buildings
Older Sarasota condo buildings may still be completing Florida's required structural inspections and reserve funding. Some jumbo lenders won't lend in those buildings until the work is done; others will. Ask before you write an offer on a luxury condo.
Second homes and seasonal buyers
Many Sarasota jumbo buyers live here part of the year. Second home jumbo loans often price better than investment loans, but they come with occupancy rules. If you plan to rent the home out, tell us up front so we can match you to the right program.
CDD and HOA dues
In Lakewood Ranch and other newer communities, special district assessments and HOA dues count in your payment and can be significant in luxury villages.
New construction and the builder's lender
Many luxury builders offer incentives through a preferred lender, and for a standard file those are often a great deal. If you're self employed or your income is complex and the builder's lender can't approve you, a bank statement or asset based jumbo may.
See our guide, Turned Down by the Builder's Lender in Lakewood Ranch?
A real Sarasota area jumbo example
A buyer purchasing a new home on Longboat Key had already shopped his jumbo loan with several lenders, including his own bank, where he held significant investments and a long banking relationship. We found him a lower rate than any of them, including his bank. At closing he told us what stood out most: our fast response time, our knowledge of the local market, our referrals to trusted local insurance agents, inspectors and handymen, and above all the customer service.
Frequently asked questions
What is the jumbo loan limit in Sarasota for 2026?
Any loan above $832,750 for a one unit home is a jumbo loan in Sarasota County and Manatee County in 2026.
How much do I need down for a jumbo loan in Sarasota?
Typically 10% to 20%, depending on the loan amount, your credit and the lender. You'll also need reserves, often 6 to 12 months of payments.
Are jumbo rates higher than conventional rates?
Not always. Jumbo pricing depends on the lender and your file, and at times jumbo rates are close to or even below conforming rates. Comparing several lenders is the only way to know.
Can I get a jumbo loan if I'm self employed?
Yes. Bank statement jumbo loans qualify you on 12 or 24 months of deposits instead of tax returns. Rates are usually higher than a full documentation jumbo.
Can I avoid a jumbo loan?
Sometimes. A larger down payment or a piggyback loan, with a conforming first mortgage and a second loan behind it, can keep you under $832,750.
Written by Greg Braun, NMLS 407115. Braun Mortgage Group, LLC, NMLS 1798086. Licensed in all of Florida and Ohio. Equal Housing Lender. All loans subject to credit and property approval; jumbo and Non-QM terms vary by lender. Last reviewed October 2026.
Sources: FHFA 2026 conforming limit · 2026 Manatee County loan limits · 2026 Florida FHA limits · Jumbo loan requirements (The Mortgage Reports) · Excess flood insurance and the $250,000 NFIP limit (Policygenius)