Jumbo and Super Jumbo Loans in Arizona

Buying or refinancing a high-value Arizona property requires financing that fits both the home and your financial circumstances. If you earn a salary, operate a business, receive investment income, or hold substantial assets, we can help you explore jumbo and super jumbo mortgage options.

We offer access to full-documentation financing, qualified mortgage (QM) programs, non-QM loans, bank statement programs, and specialized portfolio lending.

When Does a Jumbo Loan Start in Arizona?

A jumbo mortgage is a loan that exceeds the applicable conforming loan limit for purchase by Fannie Mae or Freddie Mac. The threshold applies to the loan amount, rather than the property’s purchase price.

Property Size Maximum Conforming Loan Amount One unit $832,750 Two units $1,066,250 Three units $1,288,800 Four units $1,601,750

For a one-unit Arizona property, a loan above $832,750 generally qualifies as jumbo. Higher thresholds apply to two- through four-unit properties. These limits are reviewed annually.

For example, purchasing a $1 million home with a $200,000 down payment would require an $800,000 mortgage, below the 2026 one-unit conforming limit. The home’s price alone does not make the mortgage a jumbo loan.

What Is a Super Jumbo Loan?

“Super jumbo” describes particularly large residential mortgages. No single nationwide definition, mandatory starting amount, or universal maximum exists. A lender may use the term for loans above $2 million, $3 million, or another threshold established by its program. We can arrange super jumbo financing up to $50 million, subject to the borrower, property, and lending program.

At the highest loan amounts, financing may be structured around approximately 55%–60% loan-to-value (LTV). These are potential structures, not guaranteed limits; final leverage depends on the property’s valuation and marketability, occupancy, transaction type, and the borrower’s financial profile.

Conventional, Nonconforming, QM, and Non-QM: Understanding the Difference

Conventional: A mortgage that is not insured or guaranteed by a government loan program. Conventional loans include both conforming and jumbo mortgages.
Conforming: A mortgage that meets Fannie Mae or Freddie Mac requirements, including applicable loan limits.
Nonconforming: A mortgage that falls outside those requirements. Jumbo loans are nonconforming because of their size.
QM: A Qualified Mortgage that meets specific requirements involving underwriting, loan features, pricing, and fees.
Non-QM: A mortgage that falls outside the Qualified Mortgage criteria and may offer alternative documentation or loan structures.

A jumbo loan can be either QM or non-QM. Exceeding the conforming loan limit does not automatically make a mortgage non-QM.

Traditional Jumbo Loans for Employed and Self-Employed Borrowers

Full-documentation jumbo financing may suit borrowers whose income can be established through standard financial records.

Pay stubs and W-2 forms.
Personal and business tax returns.
Verification of employment.
Documentation of bonuses, commissions, or eligible equity compensation.
Retirement, rental, or investment income records.
Bank and investment account statements.

Bank Statement Jumbo Loans

Depending on the program, we may review 12 or 24 months of personal or business bank statements instead of using tax returns to calculate qualifying self-employment income.

For business accounts, the review generally considers eligible deposits, ownership percentage, and an applicable expense factor. Transfers and other non-income deposits are excluded.

Additional Non-QM Jumbo Options

1099 income programs:

Qualification using eligible independent contractor income, with program-specific adjustments for expenses.

Profit-and-loss programs:

Qualification using an eligible business profit-and-loss statement, sometimes supported by bank statements or additional verification.

Asset depletion or asset utilization:

Eligible savings, investment accounts, and retirement assets may be converted into a qualifying income stream under the lender’s calculation.

Combined income sources:

Some programs allow eligible employment, business, retirement, investment, or asset-based income to be considered together.

Jumbo Financing for Arizona Real Estate Investors

Debt Service Coverage Ratio (DSCR) programs evaluate qualifying rental income against the property’s required debt service. Available loan amounts, rental calculations, ownership structures, and financing percentages depend on the investment program.

Purchase, Refinance, and Cash-Out Options

Home purchases: Financing for eligible high-value residences.
Rate-and-term refinancing: Replacing an existing mortgage to change its rate, term, or structure.
Cash-out refinancing: Accessing eligible equity, subject to cash-out and LTV limits.
Primary residences and second homes: Options based on occupancy and property eligibility.
Investment properties: Separate programs for qualifying rental properties.

Down Payment and Loan Terms

Loan amount and requested LTV.
Credit history and existing obligations.
Income documentation and repayment capacity.
Liquid assets and reserves remaining after closing.
Property type, location, condition, and valuation.
Primary residence, second-home, or investment use.
Purchase, refinance, or cash-out purpose.