Jumbo financing is available in Arizona. In order to qualify, you will have to meet the factors in the ACIDsm test, which I can be reviewed below.
Gone are the days of stated income and no income verification. Today, if you want a jumbo loan, you will have to provide full documentation and demonstrate an income. Even if you can pay for the home in cash, if you want a loan, you must still have verifiable income. For self-employed individuals, that means providing your last two years tax returns. If you are salaried, providing your paystubs and W-2. If you can qualify, there are very good rates and programs.
A jumbo loan in Arizona is a loan amount of more than $417,000. The programs and rates for these products vary depending on the down payment and your credit score. Our news scroll on the home page updates the rates and down payments for various scenarios every day. In general, be ready to make at least a 20 – 25% down payment. Rates are scenario specific, and if you do not see your scenario in the news scroll, contact us and we will be happy to find it for you. A variety of products are available, including 30-year, 20-year, and 15-year fixed rate loans, as well as adjustable rate mortgages, including 1/1, 3/1, 5/1, 7/1, and 10/1 ARMS.
When shopping for the best mortgage broker in Arizona, you need to know the history of the company and their mortgage brokers. At Counsel Mortgage Group, LLC, founded by an experienced CPA and attorney, we have closed hundreds of loans over the years and specialize in assisting you to obtain the right loan. Check our our experienced mortgage brokers and give us a call today or contact us. We look forward to working with you!