“Super impressed with how fast and smooth the whole process was — especially given my complex RSU comp structure that traditional banks kept discounting.
Eric and the team had no problem including my full base + RSU compensation. They were extremely fast, set clear expectations from the start, and followed through on everything they promised.
Honestly one of the easiest and most stress-free mortgage experiences I’ve ever had. Highly recommend!”
Mortgage Broker on Florida's Space Coast for Jumbo Non-QM Loans
LendFriend serves Melbourne Beach, Cocoa Beach, Merritt Island, Satellite Beach, and the rest of Brevard County as a mortgage broker. Aerospace professionals, business owners, and retirees get jumbo rates and guidelines compared across more than 40 wholesale lenders.
Why Homebuyers Trust LendFriend With Their Jumbo Loans in Melbourne and the Space Coast
At LendFriend Mortgage, a significant portion of the loans we arrange exceed the conforming limit. Space Coast buyers use our jumbo financing for primary residences, second homes, and investment properties throughout Brevard County. The properties range from oceanfront houses in Melbourne Beach to riverfront homes on Merritt Island and golf residences in Suntree and Viera. We place each loan after pricing it with more than 40 wholesale lenders. Some of these clients also own or are buying farther south in Jupiter and Palm Beach Gardens.
Loan choices include 30-year fixed mortgages, adjustable-rate mortgages (ARMs), and Non-QM programs for borrowers with income or assets that standard guidelines overlook.
More Than a 30-Year Fixed Jumbo Loan
Jumbo borrowers have more to choose from than a 30-year fixed rate. Engineers on multi-year assignments and owners who plan to sell or refinance may find a jumbo ARM less costly. 5/1 and 7/1 adjustable-rate mortgages generally begin with a lower rate and a smaller payment.
We review the trade-offs with Space Coast buyers in light of the loan amount, the expected length of ownership, and other financial priorities.
Jumbo Loans for Self-Employed and Retired Buyers
Aerospace subcontractors, medical practice owners, and retirees in Brevard County frequently earn income outside a standard W-2. A conventional jumbo lender may undercount their cash flow and assets when it reads only the tax return.
We place these borrowers with lenders whose jumbo loans include:
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Bank statement loans that base qualifying income for eligible self-employed buyers and business owners on 12 or 24 months of deposits and not on tax returns
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Asset depletion loans that help eligible retirees and high-net-worth borrowers qualify with investment and retirement accounts
These loans may raise the amount a borrower can finance without any change to how the household holds its money.
Competitive Jumbo Rates and Loan Options
Every eighth of a point matters when the loan balance has seven figures. We give Space Coast buyers quotes from jumbo lenders that serve varied loan amounts, down payments, property types, and borrower profiles.
The loan we suggest reflects loan-to-value, reserves, credit, income, assets, and how many years you intend to keep the mortgage.
Fast Jumbo Closings for Space Coast Homebuyers
The supply of oceanfront and riverfront homes in Melbourne Beach, Cocoa Beach, and Indialantic is limited by geography. Our staff works alongside buyers, real estate agents, title companies, appraisers, and lenders until the loan funds. Jumbo loans we arrange frequently close in as little as 14 days.
Brevard County buyers may use a quick closing to strengthen an offer while retaining competitive loan terms.
Loan Programs To Suit Every Brevard County Borrower's Needs!
LendFriend draws on more than 40 wholesale lenders to arrange jumbo loan options when a traditional lender's rules are too narrow for the buyer. Space Coast borrowers who qualify have access to bank statement loans, asset depletion loans, crypto mortgages, and the other programs listed below.
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Asset Depletion Loans on the Space Coast
Savings and investments may stand in for a paycheck when you apply for an asset depletion mortgage. Eligible sources may include brokerage accounts, retirement funds, and savings. Retired engineers and executives in Melbourne Beach and Merritt Island with sizable accounts and no salary may benefit.
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Self Employed Mortgages on the Space Coast
Write-offs lower a business owner's taxes and also lower the income a bank will count. We arrange self employed mortgage options that qualify on deposits and leave out tax returns and W-2s. Borrowers include aerospace subcontractors, physicians, and builders in Melbourne, Rockledge, Cocoa Beach, and Satellite Beach.
Crypto Mortgages on the Space Coast
Eligible buyers may qualify for a crypto mortgage on Bitcoin and Ethereum holdings and keep every token. Employment income is not part of the qualification. For a home in Melbourne Beach, Cocoa Beach, or Merritt Island, a jumbo crypto mortgage can provide financing up to $5M.
RSU Mortgages For Aerospace Employees on the Space Coast
Many professionals at L3Harris Technologies in Melbourne and at Northrop Grumman, Lockheed Martin, and Boeing sites in Brevard County receive stock grants as part of their pay. Our RSU mortgage program may treat vested Restricted Stock Units as income, with no need to sell shares. The added income may help an engineer or program manager qualify for a higher loan amount.
Buy Before You Sell on the Space Coast
Our Buy Before You Sell program may allow an eligible homeowner to buy the next house ahead of the sale of the current one. A bridge loan against the current home supplies the funds for the purchase. The equity already built can supply the down payment, and the purchase offer needs no sale contingency. Families moving from Viera to the beachside, or arriving from another state, can move once.
Jumbo No-Ratio Loans on the Space Coast
A no-ratio loan finances a primary residence above the conforming limit without a debt-to-income calculation. Lenders approve the loan on credit, equity, reserves, and mortgage history. It may fit owners on the Space Coast whose wealth is held in property or a company.
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Straightforward Qualification That Works for Buyers in Melbourne Beach, Cocoa Beach and Merritt Island
Space Coast buyers frequently ask what it takes to qualify for a jumbo loan in Melbourne Beach, Cocoa Beach, Merritt Island, or Satellite Beach. The requirements are specific, and we share them at the outset.
Transparent income, credit & DTI guidelinesOur team explains the jumbo requirements for credit score, documentation, and debt-to-income ratio, which lets you budget for the purchase with confidence. Flexible solutions for self-employed professionals and retirees
Income from a business, a pension, or a portfolio does not fit a W-2 form. We arrange self-employed jumbo loans, bank statement loans in Florida, and asset depletion loans in Florida for entrepreneurs, investors, and retirees. Typical purchases are high-value homes in Indialantic, in Indian Harbour Beach, and along the Indian River in Rockledge. Retirees comparing the Space Coast with the Gulf side often consider Naples as well, and the same qualification methods apply there.
Ready When You Are – Let's Get Started
Jumbo mortgages can finance a Melbourne Beach oceanfront home, a Tortoise Island waterfront residence, a Lansing Island estate, or a riverfront house on Merritt Island. Choices run from 10% down jumbo loan options for well-qualified buyers to specialty Non-QM solutions for the self-employed and retired.
Apply for a jumbo loan online today or reach a local expert by phone. We will present current jumbo mortgage rates in Florida, compare jumbo and conforming loan rules, and plan each milestone through closing. Buyers in Melbourne Beach, Cocoa Beach, Merritt Island, and Satellite Beach may be able to close in as little as 14 days. Executives who divide their time between Brevard County and South Florida can finance a second residence in Fort Lauderdale with the same team.
Jumbo Non-QM Loan Examples for Space Coast Buyers
Engineers, business owners, retirees, and homeowners in Brevard County sometimes need a jumbo loan when their income comes from stock, a company, or savings. These four scenarios are illustrative examples of how jumbo bank statement loans in Florida, jumbo asset depletion loans, and jumbo no-ratio loans can be structured. Jumbo no-ratio loans are available for a primary residence only.
$1.8M Asset Depletion Loan in Melbourne Beach
A retired aerospace executive and his spouse are buying a $2.6M oceanfront home in Melbourne Beach and have $7M in investment and retirement accounts. A jumbo asset depletion loan can calculate qualifying income from those accounts for a $1.8M mortgage. The couple puts down about 30% and keeps the remaining portfolio invested.
$2.3M Cash-Out Asset Depletion Loan in Cocoa Beach
A retired couple owns a $4.6M oceanfront home in Cocoa Beach with a $900,000 mortgage and wants to raise cash without selling securities. A jumbo asset depletion loan can calculate qualifying income from $6M in brokerage and retirement accounts for a new $2.3M mortgage. The refinance pays off the $900,000 balance and returns about $1.4M in cash at 50% of the home's value.
$1.6M Bank Statement Loan in Merritt Island
The owner of a machining company that supplies launch contractors is buying a $2.1M riverfront home on Merritt Island, and her tax returns understate the cash flow of the business. A jumbo bank statement loan can qualify a $1.6M mortgage on 12 months of business deposits, and the lender reviews no tax returns. She puts down about 25% and can close within the 30 days her contract allows.
$2.4M Cash-Out No-Ratio Loan in Indialantic
The owner of a $4.8M oceanfront primary residence in Indialantic carries a $1.1M mortgage and holds most of his wealth in commercial real estate. A jumbo no-ratio loan, offered for a primary residence only, can support a $2.4M mortgage on equity, credit, and mortgage history with no debt-to-income calculation. The new loan retires the $1.1M balance and releases about $1.3M in cash at 50% of value.
Jumbo Mortgage Options Beyond the Space Coast
Careers in aerospace and defense move people between Brevard County and other parts of the country. Retirees and second-home owners on the Space Coast also buy in other markets. We arrange jumbo loans in many of the places these clients go next.
Inside Florida, we finance higher-priced homes from Melbourne Beach and Cocoa Beach to Orlando, South Florida, and the Gulf Coast. Statewide, our jumbo loans in Florida apply to luxury primary residences, second homes, and investment properties.
Across the state, buyers consider Tampa Bay and the Pinellas County beaches as well as Naples. To the south, the search can reach Vero Beach, Jupiter, and Palm Beach Gardens.
Aerospace and defense transfers may lead to Colorado, including Denver and Colorado Springs, to Northern Virginia, to Los Angeles, and to Texas cities such as Houston and Dallas. We also arrange jumbo financing in Maryland and in the mountains of North Carolina.
From a first home on the barrier island to a move across the country, we can compare jumbo mortgage options with you in advance of an offer.
BORROWER TESTIMONIALS
See Why Jumbo Borrowers Choose LendFriend Mortgage
See how homebuyers across the country have worked with LendFriend Mortgage to navigate larger loan amounts, complex income, and jumbo mortgage financing.
★★★★★
“Eric is my go to guy for all lending needs. This is my third time with Lendfriend and will be back for future purchases and refi!”
“The team at LendFriend made buying our home in Florida so easy. We had an expiring lease and LendFriend was able to move very quickly to get us closed in under 30 days before the lease ended.
They also got us a great rate on a jumbo loan and were available day and night to answer all of our questions. If you’re looking for a mortgage broker that makes the process stress-free while still getting you a great rate, you have to call LendFriend.”
“We had a great experience working with LendFriend, specifically, Michael and team. They were responsive, knowledgeable, and professional throughout the entire process. Communication was clear, and they made everything feel smooth and easy.”
“LendFriend is the absolute best. I found them after I was denied by a lender due to an appraisal issue. I spoke with dozens of lenders, but LendFriend was the only one that could figure out a solution.
They were able to close my jumbo loan in less than 3 weeks and hit my closing date. If you need a lender to step in and save the day, call LendFriend!”
“The staff from my new favorite mortgage company Lendfriend is the best experience I’ve ever had from any lending organization...Their customer Service was very attentive and always prepared to assist me in every way...Ask for Eric !!”
FAQs – Getting a Jumbo Loan On the Space Coast
What loan amount qualifies as a jumbo loan in Brevard County and the Space Coast?
Brevard County follows the standard 2026 conforming loan limit, and the figure for a one-unit property is $832,750. Financing above the limit requires a jumbo loan.
These 2026 limits apply throughout Brevard County, from Cocoa Beach and Merritt Island to Melbourne and Melbourne Beach:
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Single-unit property: $832,750
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Two-unit property: $1,066,250
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Three-unit property: $1,288,800
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Four-unit property: $1,601,750
Oceanfront and riverfront homes in Melbourne Beach, Cocoa Beach, Merritt Island, and Satellite Beach regularly exceed these amounts, and jumbo mortgages are the usual financing for them.
How much can I borrow with a jumbo loan on the Space Coast?
Lenders make jumbo loans in Florida into the multi-million-dollar range for borrowers with strong files. Credit score, loan-to-value ratio, and reserves decide the amount. Better credit and more reserves tend to lower the rate and improve the terms.
Do jumbo loans require perfect credit?
No. Lenders price jumbo loans most favorably at scores of 750 and up. Applicants with lower scores may still qualify if they offer strengths elsewhere, including a bigger down payment or considerable liquid assets.
Can I get a jumbo loan on the Space Coast if I am self-employed or have complex income?
Yes. We place borrowers in Jumbo Non-QM programs, among them bank statement loans and asset depletion loans. Contractors, business owners, and retirees buying in Melbourne Beach or Merritt Island may qualify without W-2s or conventional tax returns. Retired buyers may rely on asset depletion loans in Florida, which count savings and investment accounts as income. A buyer with substantial equity may also qualify for one of the jumbo no-ratio loans offered for a primary residence only.
What property types are eligible for jumbo financing on the Space Coast?
Eligible property types are single-family homes, condos, townhomes, and 2–4 unit properties. We arrange jumbo loans on a Melbourne Beach oceanfront home, an Aquarina golf residence, a Cocoa Beach canal home, or a Rockledge Drive riverfront estate. Oceanfront condo buildings are reviewed for warrantable or non-warrantable condo status, which affects the lenders available.
Buyers weighing a condo here against a tower residence in Miami or Miami Beach face the same building review on either stretch of coast.
How do jumbo loan interest rates compare to conventional rates?
Jumbo rates on the Space Coast are commonly within a narrow range of conventional rates and can be lower. Wholesale lenders compete on price for strong borrowers in Melbourne Beach and Merritt Island. Pricing is similar for comparable borrowers buying in Sarasota and Longboat Key on the Gulf Coast.
Is an adjustable-rate mortgage a good option for a jumbo loan on the Space Coast?
It may be, and the answer depends on your expected years in the home. A 5/1 or 7/1 jumbo ARM locks the rate for the first five or seven years, and the rate is often under a 30-year fixed. Reduced payments early in a Melbourne Beach or Satellite Beach purchase illustrate why ARMs have regained favor with jumbo borrowers. Engineers who expect reassignment and buyers who plan to refinance are typical candidates. A borrower likely to move should examine how an ARM performs when a sale comes early.
How much equity can I access with a jumbo cash-out refinance on the Space Coast?
A jumbo lender will examine credit, reserves, and the appraisal, and the usual ceiling is about 80% loan-to-value on a primary home. Very large loans carry a lower ceiling. Owners in Indialantic, Rockledge, and Merritt Island can use a jumbo cash-out refinance to replace the current mortgage with a larger jumbo loan and receive the difference in cash. Brevard County homeowners with VA entitlement may be eligible for a VA cash-out refinance or a VA jumbo cash-out refinance. Monthly mortgage insurance does not apply to either VA loan.
Are VA jumbo loans available on the Space Coast?
Eligible veterans and active-duty service members, including those at Patrick Space Force Base and Cape Canaveral Space Force Station, may be able to use a VA loan above the conventional limit. Qualified borrowers may buy a higher-priced Brevard County home with $0 down and no monthly PMI. Full entitlement may allow VA jumbo loans above the county limit with no set cap.
Can I refinance a jumbo loan on the Space Coast?
Yes. The reasons for a jumbo refinance include a lower rate, a switch from an adjustable loan to a fixed one, and access to equity. Owners weighing the rate type on a larger new loan can compare fixed and adjustable-rate cash-out refinances for jumbo loans.
What can I do if a bank denied my jumbo loan on the Space Coast?
Banks apply overlays on top of standard guidelines, and a denial often reflects those overlays alone. Among wholesale jumbo lenders, the treatment of bonus income, RSUs, business income, and large asset balances varies widely. A broker can take the same file to a lender better matched to it. There are practical steps to rescue a contract following a jumbo loan denial.
How much do I need to put down on a jumbo loan on the Space Coast?
Expect most jumbo lenders in Brevard County to ask for 10% to 20% down on a primary residence. Minimum down payments are reserved for the best credit and reserve profiles, and vacation homes and rentals need more equity. The cash a borrower retains after closing is reviewed along with the down payment. Credit, occupancy, and loan size set the required jumbo and Non-QM mortgage down payments for each program. Primary-residence owners may qualify for the Florida homestead exemption, which can reduce the taxable value of the home. Second-home buyers who also shop the Panhandle will find the same down payment rules on 30A and in Destin.
Why Choose LendFriend?
Jumbo mortgages are a central part of LendFriend Mortgage's practice. We identify the jumbo lender best suited to each borrower's property, financial profile, and objectives. There are no hidden fees, and our process is built to reach closing fast. Space Coast buyers can select a 30-year fixed loan, a 7/1 ARM, or a flexible Non-QM option.
Around the Clock
Reach us any day of the week to compare jumbo mortgage rates and discuss lender options. Primary homes, second homes, and investment properties are all eligible.
Loan Options
The jumbo financing we arrange ranges from conventional fixed rates and ARMs to bank statement loans and asset depletion loans. We fit the program to your pay structure, your assets, and your timeline.
Get Pre-Approved Quickly
With a jumbo preapproval in hand, your offer shows the seller a buyer prepared to close on a higher-priced property. Applying for a jumbo loan online requires only minutes.
Competitive Rates with No Points
We survey multiple jumbo lenders for the most competitive rate available to your profile and keep unnecessary points and hidden charges out of the loan.
Personalized Mortgage Guidance
A dedicated jumbo mortgage expert reviews your options with you, assembles the file for approval, and manages each underwriting condition.
Close in as little as 14 days
Larger transactions are the focus of our process. Many jumbo loans close in as little as 14 days in markets such as Melbourne Beach, Cocoa Beach, Merritt Island, and Satellite Beach.