top of page

Jumbo Mortgages in Orlando, FL

If your financial situation is on the upswing, a jumbo loan can be a good way to bypass a starter home and purchase the full-sized home of your dreams. Here at VIP Mortgage Group, we serve our clients’ needs by offering increased flexibility, excellent customer service, and competitive jumbo loan rates. 

Jumbo Loans

What is a Jumbo Mortgage?

A jumbo loan or mortgage is a mortgage loan that has higher limits than a conventional loan. Typically, the conforming loan limit in Florida is $647,200 for a single-family home. This applies to most other states as well. Anything larger than that amount is considered a jumbo loan. Those limits are set by the Federal Housing Finance Agency (FHFA).

Loans below the $647,200 cap are the only ones that can be secured. However, the jumbo loan limit in Florida may vary in high-cost markets.

Since jumbo financing isn’t covered or regulated by the Federal Housing Finance Agency, as they are riskier for the lender. Therefore, this can be more difficult to obtain for borrowers as well, since lenders will be more cautious about who they lend to beyond the jumbo loan limit in Florida.

In Florida, most jumbo mortgages don’t require a monthly PMI payment. However, it’s important to keep in mind that if this property will not be your primary home, you will likely have to pay a larger down payment. If your loan is larger than $1.5 million, it may also require a larger down payment.


Different Types of Jumbo Loans

There are two different types of jumbo loan options: Fixed Rate and Adjustable Rate. 

Fixed Rate Jumbo Loans

Fixed rate jumbo loans offer consistent monthly payments despite potentially rising interest rates. A fixed rate jumbo loan allows for easier budgeting and a greater peace of mind. 

Adjustable Rate Jumbo Loans

Adjustable rate jumbo loans are best for those that are anticipating a significant increase in income or property value over the next several years. An adjustable rate jumbo loan may also be beneficial if you are only planning on staying in your home short-term or are looking to lower your payments. Adjustable jumbo loan rates typically come in 3-, 5-, and 7-year mortgage lengths.  



The qualifications for jumbo loans can be stricter as they are larger financial investments. However, you may be surprised about your ability to qualify for financing beyond the jumbo loan limit in Florida.


Depending on your lender, they may have certain requirements of your FICO score. This requirement may often be of 700 or higher to qualify for a jumbo mortgage.

It is also essential to consider your debt-to-income ratio. This is your monthly debt payments compared to what you’re bringing in each month in income. You may consider paying off your debts before investing in a jumbo mortgage, as higher debt could disqualify you. You could also benefit from having substantial cash reserves to offset any debts.


If you think you may qualify, you will want to start collecting paperwork. Having extensive paperwork at the ready that documents your financial standing will be vital as you go through the jumbo mortgage process. This includes:

  • Complete tax returns

  • W-2s

  • 1099s

  • Bank statements

  • Documentation on investments

  • Housing records



Sometimes, lenders may ask for an appraisal of the property you wish to obtain with your financing. Be prepared for this possibility as well. If you hold property in another state besides Florida, be sure to properly collect all the needed information about that property as well.

Before the appraisal, consider if you’ll be in a higher-cost market. In this case, you’ll need to shoot for an appraisal of $970,800.


Are You Considering Taking Out a Jumbo Loan? 

If you’re looking to take out a jumbo loan, you can feel confident in ending your search here. VIP Mortgage Group is committed to offering greater flexibility, reduced reserve amounts, cash-out refinances, and more, in the interest of building long-lasting relationships with our clients.

Talking to a licensed lending officer is the first step in securing the best loan for you. After years in the industry, we’re confident in our ability to provide you with the answers you’re looking for, which is why we offer a variety of mortgage programs, including competitive Jumbo mortgage rates. Give us a call today to speak to one of our lending officers about your options.

Start Today

Bearing all the information in mind, you could be on your way to a brand new investment in your future.
If you’re looking for guidance on the best financing choices for your future property purchases, don’t hesitate to contact the VIP Mortgage Group team to learn more about your options.

Meet our Team

Orlando's Mortgage Experts 

VIP Mortgage Group is a Florida mortgage service provider located in Orlando, dedicated to providing home buyers and borrowers with simple, fast and easy financing solutions for your home purchase or refinance. We offer Florida home loans at competitive rates with the highest level of expertise, honesty and integrity.

bottom of page