Above the Conforming Limit, Done Right
Jumbo financing for Paradise Valley, North Scottsdale, Arcadia, and any Phoenix-metro purchase above the $806,500 conforming limit.
- Loan amounts above the $806,500 Maricopa conforming limit
- Up to $3M loan amount on our flagship prime jumbo programs
- Primary residence and second home — purchases, rate/term, cash-out
- Cash-out up to $250,000 (loans ≤ $1.5M) or $500,000 ($1.5M–$2M)
- Bank-statement jumbo for self-employed up to $3M / 90% LTV — no MI
- Fixed-rate and ARM (7/6, 10/6) options on prime jumbo
- No PMI on prime jumbo at 80% LTV
- Interest-only payment options on select programs
- Competitive pricing — often inside conventional for 740+ FICO
- Direct wholesale-investor relationships across many programs
Estimate your high-value property loan payment
Do you qualify for a jumbo loan?
Here’s what underwriters actually look at — and what each requirement really means once you’re past the textbook version.
Credit Score
700 FICO is the qualifying floor across our flagship prime jumbo programs — up to $3M loan amount. Sweet spot is 740+, where pricing tightens and often comes in below conventional. Self-employed borrowers who don't fit the 700 box can route through our bank-statement jumbo programs up to $3M / 90% LTV.
Debt-to-Income Ratio
43% is the ceiling on prime jumbo. That's plenty of headroom for most Phoenix-metro borrowers in this price band. If your file is tight on DTI, strong reserves and additional income sources are the levers — tell us up front and we'll structure around it.
Down Payment
20% down is the standard on prime jumbo (80% LTV) and gets you the best pricing tier with no mortgage insurance. 10% down is achievable via our bank-statement jumbo programs (up to 90% LTV) — no MI on those either. High-equity borrowers often choose lower down on purpose to keep capital deployed elsewhere.
Income Documentation
Full doc: 2 years of personal and (if self-employed) business tax returns, recent pay stubs, year-to-date P&L, and 60 days of asset statements. Self-employed or tax-return income doesn't reflect actual cash flow? Bank-statement jumbo qualifies you on 12–24 months of personal or business deposits instead — up to $3M, no MI.
Reserves & Assets
Primary residence purchase: 6–18 months of PITI after closing depending on loan amount. Second home purchase: 12–18 months. Cash-out refinance: 12 months for loans up to $1.5M, 15 months for $1.5M–$2M. 60% of retirement-account balances counts toward reserves — plan ahead and a strong reserve position opens up the best programs.
High-Value Property Loan
Jumbo loans pick up where conventional stops. In Maricopa County the 2026 conforming loan limit is $806,500 on a single-unit property (FHFA). The moment you go above that, you're in jumbo territory and the rulebook changes.
Think of it like this: our flagship prime jumbo programs go up to $3M loan amount at 80% LTV with a 700 FICO floor — no mortgage insurance, no funding fee, and 7/6 or 10/6 ARM options if you want a lower starting rate with a defined fixed period. For 740+ borrowers at 80% LTV or below, our jumbo pricing in 2026 often comes in inside conventional. That's a meaningful flip from where the market was a few years ago.
In our actual Phoenix-metro pipeline, the jumbo borrower is usually buying or refinancing in Paradise Valley, North Scottsdale, Arcadia, or DC Ranch — anywhere the median sale price runs well above the conforming limit. Typical purchase: $1.2M to $3M, primary residence or second home, 10–20% down, 740+ credit, 6–18 months of reserves after closing. Cash-out is on the table too: up to $250,000 back on loans up to $1.5M, or up to $500,000 back on loans between $1.5M and $2M.
Self-employed and don't fit the full-doc box? Our bank-statement jumbo programs qualify you on 12–24 months of personal or business deposits instead of tax returns — up to $3M loan amount, up to 90% LTV, no mortgage insurance. That's not a workaround. It's a real program designed for the way business owners actually earn.
We maintain relationships with many wholesale jumbo investors, each with their own overlays — part of our job is matching your file to the investor whose box you fit best. Your situation and goals matter more than the lowest rate on a chart. Tell us what you're trying to accomplish up front — preserving liquidity, scaling a real estate portfolio, downsizing, second home — and we'll match the right jumbo product to the goal.
Jumbo Loan vs Conventional vs Non-Conforming — what’s actually different
If you’re weighing options. Numbers reflect 2026 program parameters.
| Jumbo Loan | Conventional | Non-Conforming | |
|---|---|---|---|
| Minimum credit | 700 (prime jumbo) | 620 | 660+ (program-dependent) |
| Minimum down payment | 10% – 20% | 3% – 20% | 10% – 30% |
| Loan amount (Maricopa Co., 2026) | Up to $3M (prime jumbo) | Up to $806,500 (FHFA) | Up to $3M (bank-statement jumbo) |
| Mortgage insurance | None at 80% LTV on prime jumbo | PMI drops at 80% LTV; auto at 78% | None on bank-statement jumbo (up to 90% LTV) |
| Income documentation | Full doc — 2 yrs tax returns | Full doc standard | Bank statement, P&L-only, 1099-only, asset depletion |
| Cash-out limit | $250K (≤$1.5M loan) / $500K ($1.5M–$2M loan) | Up to 80% LTV cash-out | Program-specific (often up to $500K+) |
| Best for | $806,500+ purchase, 700+ FICO, primary or second home | Most Maricopa-area purchases under the limit | Self-employed using bank statements; alt-doc files |
Sitting right above the conforming limit? Or self-employed and not sure which jumbo lane fits? We'll run prime jumbo and bank-statement jumbo side-by-side on your file in about 15 minutes.
What to expect — the 5 steps
Most Elevated jumbo files close in 14–21 days from first conversation. Direct relationships with our prime jumbo investor partners let us pre-empt overlay conditions before underwriting starts.
- 1
Pre-qualification15 min
Quick conversation about purchase price range, down payment, credit profile, and reserve picture. No credit pull yet. We surface which jumbo investors are realistic for your file before you start touring properties.
- 2
Pre-approval1–3 days
We pull credit and pre-underwrite your income, assets, and reserves against the specific jumbo program we're targeting. Pre-approval letter goes out tailored to your real buying range — strong, credible, and ready to win in a competitive Phoenix-metro market.
- 3
Application + processing5–7 days
Once you're in contract, the full application goes in. We order the appraisal, kick off title work, and start collecting HOA docs in parallel so nothing waits in line. Our direct wholesale-investor relationships mean conditions get pre-empted before they're issued.
- 4
Underwriting3–5 days
Manual underwriting means a real person evaluates your unique situation — not a black-box algorithm. That works in your favor on jumbo files where the story matters. Because we know each investor's overlays in advance, we structure the file to clear underwriting cleanly the first time.
- 5
Closing1 day
Sign at title, funds disburse, keys hand off. We confirm wire instructions and the final cash-to-close number 24 hours ahead so closing day is the easy part.
What's the jumbo threshold in Maricopa County for 2026?
$806,500 on a single-unit property (FHFA). Above that, your loan is non-conforming and gets routed through the jumbo investor market instead of Fannie or Freddie. For 2–4 unit properties the conforming threshold is higher, so a duplex at $900K may still be conventional.
What credit score do I need for a jumbo loan in 2026?
700 FICO qualifies you for our flagship prime jumbo programs — up to $3M loan amount, up to 80% LTV. Sweet spot is 740+, where jumbo pricing often comes in tighter than conventional. Self-employed borrowers below 700 still have a clean path through our bank-statement jumbo programs.
How much down payment do I need on a jumbo loan?
20% down is the standard on prime jumbo (80% LTV), gets you the best pricing tier, and means no mortgage insurance. 10% down is achievable through our bank-statement jumbo programs (up to 90% LTV) — and they carry no MI either. High-equity buyers often choose the lower down on purpose to keep capital deployed elsewhere.
Do jumbo loans require PMI?
No PMI on prime jumbo at 80% LTV. Our bank-statement jumbo programs go up to 90% LTV with no MI either — that's one of the biggest advantages for self-employed buyers who want to preserve cash.
What's the DTI ceiling on a jumbo loan?
43% on prime jumbo. That's enough headroom for the vast majority of Phoenix-metro borrowers in this price band. If your DTI is tight, we structure around it with reserves and additional income sources — tell us up front.
Do I need reserves for a jumbo loan?
Yes. Primary residence purchase: 6–18 months of PITI after closing depending on loan amount. Second home purchase: 12–18 months. Cash-out refinance: 12 months for loans up to $1.5M, 15 months for $1.5M–$2M. 60% of retirement-account balances counts toward reserves.
Can I do a cash-out refinance on a jumbo loan?
Yes. Up to $250,000 cash back on loans up to $1.5M (12 months reserves), or up to $500,000 cash back on loans between $1.5M and $2M (15 months reserves). Eligible on primary residences and second homes.
Are jumbo rates higher than conventional in 2026?
Often the opposite. For 740+ FICO borrowers at 80% LTV or below, our jumbo pricing frequently comes in inside conventional in 2026. We'll run the actual side-by-side on your file in about 15 minutes.
Can I get a jumbo ARM?
Yes. Our prime jumbo lineup offers 7/6 and 10/6 ARMs — fixed for 7 or 10 years, then adjusts every 6 months — up to the full $3M loan amount. ARMs make sense if you have a defined horizon (selling, refinancing, paying off). If you're staying long-term, fixed is usually the better call.
How long does jumbo closing take?
We typically close jumbo files in 14–21 days from our Scottsdale office because we maintain direct relationships with the wholesale investors writing these loans and pre-empt their conditions before underwriting starts. That's a meaningful edge in a competitive Phoenix-metro market.
Jumbo loans in the Phoenix metro
In Paradise Valley, North Scottsdale, Arcadia, and DC Ranch, median sale prices sit well above the $806,500 Maricopa conforming limit — jumbo is the default product, not the exception. Most of our jumbo borrowers close in 14–21 days from our Scottsdale office because we maintain direct relationships with the portfolio investors writing these loans and pre-empt their overlays before underwriting starts.