Jumbo Loans in Phoenix, AZ

Arcadia, Biltmore, and Paradise Valley-adjacent Phoenix are jumbo country. We structure jumbo purchases and refis here every month.

Jumbo Loans in Phoenix: what you need to know

A jumbo loan is any mortgage above the conforming loan limit set annually for Maricopa County. Jumbo loans are underwritten to the lender's own guidelines, which means structure, reserves, and documentation matter more than on a conforming loan, and the right lender can make a big difference in rate and approval.

• Financing well into the multi-million range for purchases and refinances
• 10% to 20% down options for strong borrowers
• Fixed and ARM structures, including interest-only where appropriate
• Asset depletion, bank statement, and RSU income options for complex borrowers
• VA jumbo with zero down for eligible veterans

The Phoenix market

Phoenix is a dozen markets in one. Arcadia and Biltmore behave like Scottsdale, Ahwatukee behaves like Chandler, and North Phoenix is new construction and relocation buyers. The program that fits depends on the zip code, and the lender needs to know the neighborhoods, not just the guidelines.

How Ricky's team handles jumbo loans in Phoenix

Every file starts with a 15-minute strategy call. We map your goal, run the numbers on jumbo loan against the alternatives, and issue a pre-approval that has been reviewed by a human underwriter, not a pre-qualification from a form. You get weekly updates, one point of contact, and a closing date we hit. Ricky Khamis has been lending in the Valley since 1999, is an 82nd Airborne veteran, and personally reviews jumbo loan files.

Frequently asked questions

What is the jumbo loan limit in Phoenix?

Any loan above the conforming limit for Maricopa County is a jumbo. The limit is updated every January. Call for the current number and how your loan amount lands against it.

How much down do I need for a jumbo loan in Phoenix?

Typically 10% to 20% depending on loan amount, credit, and reserves. Larger loan amounts require more down and more reserves.

Are jumbo rates higher?

Not necessarily. Jumbo pricing is often at or below conforming for strong borrowers. We price both and show you.

I'm self-employed. Can I get a jumbo loan in Phoenix?

Yes. Full-doc with two years of returns is the standard path, and bank statement or asset-based programs exist for borrowers whose returns understate their income.

Source: Ricky Khamis, President of EPiQ Lending, NMLS #173141, Scottsdale, Arizona. Program guidelines change; contact us for current terms. Not a commitment to lend.