Financing designed for homes above standard conforming loan limits.
Jumbo Loans
When you're financing a high-value property that exceeds Fannie Mae and Freddie Mac's conforming loan limits, a jumbo loan is the solution. In most of Arizona, that threshold is $832,750 for 2026. If your purchase requires borrowing above it, you'll need a lender who knows jumbo financing inside and out.
Jumbo loans come with stricter qualification standards: stronger credit, larger reserves, and more documentation. But they also offer flexibility that conforming loans don't. For high-income borrowers, luxury home buyers, and complex financial situations, jumbo loans can be an excellent fit.
Eligibility at a Glance
Loan Amount
Above $832,750 (2026 conforming limit in most counties)
Credit Score
700 minimum; 740+ for best terms and rates
Down Payment
Typically 10–20%+ depending on loan amount and lender
Debt-to-Income
Generally 43% or lower; stricter than conforming loans
Cash Reserves
6–18 months of mortgage payments in liquid assets after close
Property Types
Primary residence, second home, investment (lender-specific)
Jumbo requirements vary significantly by lender. Jake works with multiple jumbo lenders to find the right match for your scenario.
Key Benefits
- ✓Finance properties well above conforming loan limits with a single loan
- ✓Avoid splitting into two loans (piggyback structures) on high-value purchases
- ✓Fixed and adjustable-rate options available
- ✓Available for primary residences, vacation homes, and some investment properties
- ✓Portfolio loans mean more personalized underwriting for complex income situations
- ✓Competitive rates, often within 0.25%–0.50% of conforming loans
Things to Consider
- ·Stricter credit score, income, and reserve requirements
- ·Larger down payment typically required (10–20%+)
- ·More extensive income documentation required, including two years of tax returns
- ·Fewer lenders offer jumbo products, so comparison shopping matters
- ·Approval can take longer due to additional underwriting scrutiny
Common Questions
What counts as a jumbo loan in Arizona?
In 2026, any loan above $832,750 in most Arizona counties is considered a jumbo loan. Some high-cost counties have higher conforming limits. If your purchase price requires borrowing above that threshold, you'll need jumbo financing.
Do I need 20% down for a jumbo loan?
Not always. Some lenders offer jumbo loans with as little as 10% down, though 20% is more common. Higher down payments typically unlock better rates and reduce reserve requirements. Jake works with multiple jumbo lenders to find the best structure for your situation.
I'm self-employed with complex income. Can I still get a jumbo loan?
This is actually where jumbo portfolio lending shines. Because jumbo loans stay on the lender's books rather than being sold to Fannie/Freddie, underwriters have more flexibility with non-traditional income documentation like bank statements, P&Ls, and asset-based lending.
Are jumbo interest rates higher than conventional?
Historically yes, but the spread has narrowed significantly. Today, jumbo rates often run within 0.125%–0.375% of conforming rates for well-qualified borrowers. With a 740+ credit score and 20% down, jumbo rates are often very competitive.
Is a Jumbo Loan Right for You?
A jumbo loan is the right move if you:
- Are purchasing a home that requires a loan above $832,750
- Have a credit score of 700 or higher (740+ preferred)
- Have strong documented income and substantial liquid reserves
- Can make a down payment of at least 10–20%
- Are buying a luxury primary residence, vacation property, or investment home
Financing a high-value property? Let's talk.
Jake will shop your scenario across multiple jumbo lenders to find the best rate, structure, and terms for your situation, whether you earn W-2 income or you're self-employed.