Jumbo loans in Arizona and Scottsdale

• What makes it jumbo: a loan amount above $832,750 for a one-unit home, in every Arizona county, in 2026
• Reserves: most jumbo lenders want savings left over after closing. How much depends on the lender and your situation.
• Appraisal: some lenders ask for extra review on unique or high-value homes
• Occupancy: primary homes, second homes, and sometimes rentals, each with different rules
• Rules vary by lender: there's no single jumbo rulebook, which is why shopping several lenders matters

Who it fits

Buyers whose loan amount is above the 2026 conforming limit. Scottsdale, Paradise Valley, and parts of North Phoenix cross that line more often than other parts of the Valley.

How it works

Your savings, the appraisal, where you'll live, and the lender's rules matter more than a rate you saw online. Unique desert homes can need extra appraisal work.

What it costs

Pricing depends on the lender and your application. Expect a closer look at your savings and documents. I'll compare jumbo against a conforming loan if a larger down payment could bring you under the limit.

Jumbo is about the loan amount, not the neighborhood

If your loan amount is above the conforming limit, it's a jumbo, even on an ordinary stucco home in North Phoenix. If it's at or under the limit, it's likely a conventional loan, even with a Scottsdale address. conventional

For 2026, the conforming limit is $832,750 for a one-unit home, and it's the same in every Arizona county. The limit updates each year, and I check the current one for you.

Tell me how you'll use the home: full time, seasonally, or as a rental. Each points to different lenders and rules.

There's no single jumbo rulebook. Credit minimums, down payment, savings, and how self-employed income counts all vary by lender. One bank's quote shows one lender's rules. I compare several.

Reserves: the savings you have after closing

Jumbo lenders often want to see money left in your accounts after closing, measured in months of your new house payment. How many months depends on the lender, the loan size, your credit, and how you'll use the home.

I'll ask for your statements early. A retirement account and a checking account aren't treated the same, and a lot of money in one stock can raise questions.

• Gift funds can have tighter rules on jumbo loans than on smaller loans.
• Large deposits need a paper trail. If money is moving between businesses you own, tell me before it moves.
• Self-employed? Jumbo still needs income documents that match your tax returns, or a bank-statement program chosen on purpose. If the paperwork is messy, we slow down and build it right. self-employed loans

If a conforming loan covers your amount, we use that. Jumbo is for when the numbers call for it.

Appraisals on unique desert homes

Custom desert homes, hillside lots, horse property, and homes with guest casitas don't always have three easy comparable sales nearby. Jumbo appraisals can take longer, and they can come in lower than the contract price.

• Some lenders want a second appraisal or extra review on recent renovations.
• Remodeled without permits? Tell me early. A great view doesn't make up for work the appraiser can't support.
• Condos and townhomes in Old Town or along the canal can be jumbo-sized and still need to pass a project review. I'll want the HOA documents early.

If your offer is aggressive on price, let's talk about appraisal risk before you waive any protections to win.

Second homes and the full monthly payment

A jumbo loan on a second home usually comes with stricter down payment, pricing, and savings rules than a primary home. If you plan to rent it out, tell me. The loan needs to match how you'll really use the home.

Taxes, insurance, and HOA dues in higher-priced Arizona neighborhoods can surprise out-of-state buyers. I'll give you the full payment, not just principal and interest. Try the calculator, then bring me the monthly number you're comfortable with. calculator

Everything on Buy a Home still applies: a comfortable payment, cash to close, and a strong offer. buy a home

How we'll work together

• Send me the address or price, how you'll use the home, and a picture of your income and savings. I'll tell you whether you're in jumbo territory.
• I review your credit with your permission and map out each lender's rules before you write an offer.
• We set a timeline that fits. A 12-day close on a jumbo loan sounds great in an offer, but it has to be one the lender can actually meet.

Already have a jumbo pre-approval? Bring it. If it's missing reserves or property details, I'll tell you what to fix. If it's complete, keep it. second opinion

Call or text (602) 448-4470.