A good fit if…
- You’re buying in Scottsdale, Paradise Valley, Cave Creek, Sedona or north Flagstaff
- Your loan amount is above $832,750
- You have strong credit and savings, or significant assets
- You want options like interest-only or asset-based qualifying
Why the lender matters more with jumbo
Conforming loans follow one rulebook. Jumbo loans don’t. Each lender writes its own guidelines for credit, reserves, down payment and documentation, and those guidelines change with the market. Pete has access to more than 150 wholesale lenders, so he can match your situation to the lender whose rules fit it best.
What jumbo lenders look for
- Credit: stronger scores open up better pricing and lower down payment options.
- Reserves: cash or investments left over after closing, usually measured in months of payments.
- Documentation: full income documentation is standard, though some lenders offer bank statement or asset-based jumbo programs.
- Appraisal: larger loans sometimes require a second appraisal, especially for unique luxury properties.
Jumbo options worth asking about
Depending on the lender, you may be able to qualify using assets instead of income (asset depletion), choose an interest-only period, or finance a second home or investment property with a jumbo loan. If you’re self-employed, see bank statement loans.
Run the numbers
Common questions
What is the jumbo loan limit in Arizona for 2026?
Any loan above $832,750 on a one-unit home is considered jumbo in Arizona for 2026. Every county uses the same conforming limit.
Are jumbo rates higher than conforming rates?
Not always. Jumbo pricing depends on the lender and your profile, and strong borrowers sometimes see jumbo rates at or below conforming rates. Comparing several lenders is the only way to know.
This page is general information, not a loan offer, rate quote or commitment to lend. Program guidelines, loan limits and assistance programs change; figures shown are as of 2026. Eligibility, down payment and terms depend on your credit, income, property and the program. Ask Pete for current details.