Jumbo loans · Arizona
Jumbo loans in Arizona: financing above $832,750
A jumbo loan is a mortgage larger than the conforming loan limit, which is $832,750 for a one-unit home in Arizona in 2026. Jumbo loans usually ask for stronger credit, more cash reserves, and fuller income documentation than conventional loans.
Andria Townsend, NMLS #2154631 · NEXA Mortgage, LLC, NMLS #1660690 · San Tan Valley, AZ · Updated October 2026
Key facts at a glance
| Jumbo threshold, 2026 | Loan amounts above $832,750 (1-unit home) |
|---|---|
| Why it's different | Can't be sold to Fannie Mae or Freddie Mac |
| Typical asks | Higher credit scores, cash reserves, lower debt ratios |
| Appraisal | Sometimes two appraisals on higher loan amounts |
| Uses | Primary homes, second homes, some investment properties |
When do I need a jumbo loan in Arizona?
You need a jumbo loan when the amount you borrow (not the price of the home) is more than $832,750 in 2026. If you're buying a $950,000 home in Scottsdale, north Gilbert, Chandler, or the Queen Creek foothills and putting enough down to keep the loan at or under $832,750, you can stay conventional.
What do jumbo lenders look for?
- Credit: usually higher minimum scores than conforming loans
- Reserves: months of payments in savings or retirement accounts after closing
- Income: full documentation, with extra care for self-employed or commission income
- Debt-to-income: often tighter limits
- Appraisal: a detailed review, and sometimes a second appraisal
Why compare jumbo options with a broker?
Jumbo guidelines aren't standardized the way Fannie and Freddie loans are. Each lender writes its own rules. Because I work with NEXA Mortgage, I can compare jumbo options from several wholesale lenders, which helps when your income is complex or you need a specific feature.
Is there an option between conventional and jumbo?
Sometimes. A larger down payment can keep you under the conforming limit. Some buyers also use a conventional first mortgage plus a second loan. I'll show you each path so you can see the trade-offs.
Can I use a jumbo loan for a second home in Arizona?
Yes. Lots of buyers from out of state finance a second home in the Valley with a jumbo loan. Second-home rules are stricter than primary homes, and you can't rent it out full time under second-home terms.
Subject to eligibility, credit approval, and program guidelines. Programs can change.
Frequently asked questions
What is considered a jumbo loan in Arizona in 2026?
Any loan amount above $832,750 for a one-unit home. That's the 2026 conforming limit set by the FHFA.
Is the jumbo limit different in Maricopa County?
No. Maricopa and Pinal County use the standard 2026 conforming limit of $832,750, so jumbo starts above that.
Do jumbo loans need a bigger down payment?
Often, yes, though it depends on the lender and program. Your credit and reserves matter too.
Are jumbo loans harder to get?
They usually have stricter credit, reserve, and documentation rules than conventional loans. Good preparation makes a big difference.
Can self-employed buyers get a jumbo loan?
Yes. Expect to provide tax returns and business documents. Some lenders offer other ways to document income.
Can I avoid a jumbo loan by putting more down?
Yes. If a larger down payment brings your loan amount to $832,750 or less, you can use a conforming loan instead.
Related reading from my blog
Arizona loan programs
Areas I serve in Pinal and Maricopa County
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