Jumbo loans are coming back, including to Arizona.

Here are the requirements for Arizona jumbo loans from one Arizona loan officer.

  • 90% Loan-to-value (only 10% down payment!)
  • Credit scores allowed down to 680 middle FICO
  • Bankruptcy seasoning of 2-4 years depending on circumstances
  • Loan amounts up to $3 million
  • One one appraisal required for loan amounts up to $2 million
  • No first time homebuyer restrictions
  • Up to 9% seller concessions

Although, some loans have become harder to get because of the new QM rules and lower FHA loan limits, the number of jumbo loans has actually increased.