High balance jumbo loans are an important tool for Orlando home buyers that require home financing over the conforming loan limits. For all the counties surrounding Orlando, the conforming loan limit stands at $806,500 for a 1-unit property. So any loan amount exceeding this would be considered a jumbo mortgage.
Buyers seeking larger homes, luxury estates, or water front properties may find that these types of properties often exceed conforming loan limits, making a jumbo loan the primary financing option.
In the post below we will first take a look at the current real estate market in Orlando, then break down some of the popular low down payment financing options high-end buyers might find useful. Please connect with us below to learn more.
🏡 Orlando Real Estate Market Snapshot (Summer 2025)
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Median Sale Price: Approximately $382,000, about flat year over year .
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Average Sale Price: Around $476,374, reflecting a steady increase .
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Median Days on Market: 54 days, indicating a slower pace compared to previous years .
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Inventory Levels: 5,450 active listings, marking a 5.8% increase from spring .
- Mortgage Rates: Hovering around 6.7%, which is higher than the previous year
🏢 Condo Market Insights
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Average Sale Price: Approximately $291,007 .
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Average Days on Market: 83 days, showing an increase from earlier in the year .
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Active Listings: 4,611 condos available across Lake, Orange, Osceola, and Seminole Counties .
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Sale-to-List Price Ratio: 94.34%, indicating that homes are selling slightly below the asking price
📉 Orlando Market Trends
The Orlando housing market is transitioning from a seller’s market to a more balanced one, influenced by factors such as higher mortgage rates, increased inventory, and shifting buyer demand. While prices have not experienced significant declines, the market is exhibiting signs of stabilization.
If you’re considering buying or selling in the Orlando area, it’s advisable to consult with a local real estate professional to navigate the current market dynamics effectively.
💰 Orlando Low Down Payment Jumbo Loan Options
For many homebuyers, the idea of a jumbo loan can be intimidating due to the large loan amounts required. However, there are several options available, particularly for those who may not have a large down payment saved up but still want to purchase a higher-priced home.
5% Down Jumbo Loan Option:
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Loan Limits: Up to $1.5 million.
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Ideal For: Buyers who want to purchase a high-value home but have limited savings for a large down payment. These loans provide an opportunity for buyers to invest in properties without needing to wait years to save a 20% down payment.
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Benefits: Allows buyers to retain more of their savings for other investments, such as home renovations, investment in higher yield returns, or building emergency funds.
10% Down Jumbo Loan Option:
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Loan Limits: Up to $2 million.
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Ideal For: Buyers who are looking at even higher-priced homes but still want to minimize their out-of-pocket costs upfront. A 10% down payment option is typically more affordable than the 20% that is traditionally required for jumbo loans.
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Benefits: These loans allow buyers to secure a home with a smaller down payment while still taking advantage of lower interest rates, especially if they have strong credit.
*Even higher loan amount available for borrowers with 15-20% down payment.
🌟 Benefits of Low-Down Payment Jumbo Loans
Low-down-payment jumbo loans offer several benefits for buyers looking to purchase high-priced homes in Orlando, or other parts of Florida. Some key benefits include:
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Access to Higher Loan Amounts: Buyers who may not have substantial savings for a large down payment can still secure a jumbo loan and purchase their dream home.
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More Cash on Hand: With a low-down-payment option, homebuyers retain more cash for other investments or immediate repair/renovation needs.
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Flexible Loan Terms: Many low-down-payment jumbo loans come with flexible terms, such as adjustable-rate options, fixed rates, or the ability to refinance down the road.
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Help for Relocating Buyers: Buyers who are relocating to Orlando may find themselves with substantial equity tied up in their current home. A low-down-payment jumbo loan can provide the necessary funds for purchasing a new home without having to sell their current property first.
- First-Time Buyers: Many professional first-time buyers may have high incomes, but limited savings for a down payment. Low-down-payment jumbo loans allow them to enter the housing market without waiting years to save for a 20% down payment.
🚀 Piggyback Loans: 80/10/10 and 80/15/5
One strategy that can help buyers avoid paying private mortgage insurance (PMI) is the use of a piggyback loan. Piggyback loans are a combination of two loans used to finance the purchase of a home. This strategy can be especially helpful for buyers seeking to keep their primary mortgage below the conforming loan limit, and taking advantage of lower rates.
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80/10/10 Piggyback Loan: In this structure, the buyer takes out a first mortgage for 80% of the home’s purchase price, a second mortgage for 10% of the price, and the buyer provides the final 10% as a down payment. Depending on the purchase price, this can sometimes keep the primary loan under the conforming loan limit. The second loan helps cover the down payment, reducing the overall cost for the borrower.
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80/15/5 Piggyback Loan: Similar to the 80/10/10 structure, the second mortgage in this case is for 15% of the home’s purchase price. This increases the amount borrowed on the second mortgage but can help buyers qualify for jumbo loan amounts without paying PMI.
💼 Bank Statement Qualifying Jumbo Loans for Self-Employed Buyers
Self-employed individuals often face challenges when applying for traditional mortgages due to irregular income or the inability to provide conventional income verification. Fortunately, there are bank statement qualifying jumbo loans that cater specifically to self-employed buyers.
Instead of relying on traditional W-2s or tax returns, self-employed borrowers can use their business or personal bank statements (deposits) to demonstrate income. These loans typically require a minimum of 12 months of bank statements to verify the borrower’s income, providing a more accurate picture of their ability to repay the loan.
This type of loan is perfect for Florida buyers who are entrepreneurs or freelancers, allowing them to leverage their financial history without needing to rely on traditional employment documentation.
These loans offer more flexibility and may allow borrowers to qualify for jumbo loans that they might not have otherwise been eligible for with conventional loan options. These programs require a min down payment of 10-15% depending on the loan amount.
💡 Things to Consider with Jumbo Loans
While low-down-payment jumbo loans can be a great way to purchase a high-value home, there are some important considerations to keep in mind:
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Higher Interest Rates: Jumbo loans typically come with slightly higher interest rates compared to conforming loans. However, the difference today isn’t like it was in years past. Buyers should evaluate whether the interest rate difference outweighs the benefits of a low-down-payment option.
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Stricter Qualification Criteria: Because jumbo loans are not backed by agencies like Fannie Mae or Freddie Mac, they often have stricter qualification criteria. This means higher credit scores, lower debt-to-income ratios, and larger reserves may be required. *Read more details about the qualifying requirements on the Jumbo Purchase page above.
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Higher Loan Limits: In many parts of Orlando, jumbo loans can be used for higher loan amounts, which can be beneficial for buyers looking to purchase in high-cost neighborhoods like Winter Park, Windermere/Isleworth, or Lake Nona where home prices often easily exceed $1m
Low-down-payment jumbo loans offer a valuable opportunity for buyers looking to purchase homes above the conforming loan limit. Whether you’re a first-time buyer, relocating to the area, or a self-employed professional, jumbo loans can be an excellent way to secure the home of your dreams with minimal upfront investment.
Learn more by connecting with a Jumbo Specialist 7 days a week. Buyers can call above, or just submit the Quick Contact form below.
