When you need a jumbo loan
For 2026, the one-unit conforming loan limit in most of Arizona is $832,750. Any loan above that amount is a jumbo loan. Jumbo guidelines are set by each lender, which is why comparing lenders matters.
Typical jumbo requirements
- Higher credit scores than conforming loans
- Larger down payments, often 10% to 20% or more
- Cash reserves, often several months of payments
- Full income documentation, with options for self-employed borrowers
Jumbo construction and second homes
Jumbo financing is available for custom home construction, second homes in places like Scottsdale, and refinances of high-value properties.
Frequently asked questions
Are jumbo rates higher than conforming rates?
Not always. Jumbo pricing depends on the lender, your credit, and your down payment, and it is sometimes competitive with conforming rates.
Can I avoid a jumbo loan?
Some buyers put more down to stay under the conforming limit, or use a first and second mortgage combination. Greg can compare both.
Information is general and current as of November 2026. Program availability, terms, and limits change; Greg confirms what applies to you.