Jumbo Loans

Jumbo Loans

A jumbo loan is a mortgage loan that is over the conforming loan limit. The current conforming loan limit in Arizona is $726,200, and is determined by the Federal Housing Finance Agency (FHFA). Loans that exceed the local conforming loan limit require a jumbo loan.


Also called non-conforming conventional mortgages, jumbo loans are considered riskier for lenders because they can’t be guaranteed by Fannie and Freddie, meaning the lender is not protected from losses if a borrower defaults. Jumbo loans are typically available with either a fixed interest rate or an adjustable rate, and they come with a variety of terms.

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Conventional Loans

Conventional Loans are loans that are not part of a specific government program. 

There are two main categories of conventional loans, conforming and non-conforming.

Conforming loans

Conforming loans have maximum loan amounts that are set by the governme…

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FHA Home Loans

FHA home loans are mortgage loans that are insured against default by the Federal Housing Administration (FHA). FHA loans are available for single-family and multifamily homes. These home loans allow banks to continuously issue loans without much risk or…

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VA Home Loans

The VA loan provides veterans with a federally guaranteed home loan that requires no down payment. This program was designed to provide housing and assistance for veterans and their families.


The Veterans Administration provides insurance to lenders in …

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USDA Loans

USDA Loans are guaranteed by the United States Department of Agriculture, and are designed to help lower to moderate income households. USDA allows for 100% financing for properties that are located in USDA eligible areas. 


See USDA's website for their …

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