A jumbo loan exceeds the conforming limit ($832,750 baseline, up to $1,249,125 in high-cost areas in 2026). Rules are set by each lender: typically 700–740+ credit, 10–20%+ down, and 6–12 months of reserves.
A Sunbelt relocation magnet that's cooled off, with rising inventory and softening prices. Most Phoenix homes fit inside the 2026 conforming limit of $832,750.
When does a loan become jumbo?
When it exceeds the 2026 conforming limit for the county — $832,750 in most areas, up to $1,249,125 in high-cost markets.
Are jumbo rates higher?
Not always — today they're often competitive with conforming, but they require stronger credit and reserves.
Tell us how your mortgage is really going. It feeds MortgageSurvey and helps the next buyer — anonymous, no email needed.
We email you only when it matters — a refinance actually pencils, your PMI can drop, or your escrow changes. No spam, unsubscribe anytime.
Single match, no spam. We're onboarding licensed (NMLS) partners now. Leave your info and we'll connect you to one lender covering your area — never sold to multiple callers.
MortgageIQ is not a lender and does not originate loans. We never ask for your SSN or full financials here. Equal Housing Opportunity.