Smart tax write-offs
Schedule C net income looks small on paper. Real cash flow says otherwise.
Bank Statement Jumbo →
Arizona Jumbo & Super Jumbo Financing
Loans built for purchases above the conforming line.
Jumbo financing for Arizona's high-end market. Paradise Valley, Scottsdale, Sedona, and luxury inventory across the state. Full-doc, alt-doc, and Medical Professionals programs under one roof, with loan amounts to $3M and beyond.
$3M+Standard jumbo limit
90%Max LTV on certain programs
100%For Medical Professionals
Licensed in Arizona · NMLS #173855 · Equal Opportunity Lender
What is a jumbo loan?
A jumbo loan is a mortgage that exceeds the conforming loan limit set by the Federal Housing Finance Agency. In Arizona for 2026, that limit is $806,500 for a single-family home (higher in some high-cost counties). Anything above that line falls into jumbo territory and is underwritten to private-investor guidelines instead of Fannie / Freddie.
- Below ~$806,500: conforming, tightest pricing, most standardized.
- $806,500 – $3,000,000: standard jumbo, broader price tiers, more program flexibility.
- $3,000,000 – $5,000,000+: super jumbo, case-by-case, higher reserves, often deeper underwriter review.
The Program Menu
Pick by income picture, not just loan size.
High-end Arizona buyers come from very different income shapes. We have a jumbo program for each, including for borrowers turned down by traditional underwriting.
Documentation pathway
| Path | Best for | Max loan* |
|---|---|---|
| Full-Doc Jumbo | W-2 employees, salaried executives, clean tax returns | $3M+ |
| Bank Statement Jumbo | Self-employed with deposits showing real cash flow | $3M |
| P&L Only Jumbo | Self-employed with CPA-prepared P&L | $2.5M+ |
| Asset Utilization Jumbo | High-net-worth, low reported income, assets become income | $3M+ |
| Asset Qualifier Jumbo | Skip income entirely, qualify on liquid assets that cover the loan | $3M+ |
| Medical Professionals Jumbo | Physicians, dentists, fellows, residents, up to 100% LTV | $2M |
| Super Jumbo (over $3M) | Estate-class purchases with deeper underwriter review | $5M+ |
*Max loan amounts are typical industry parameters. Actual eligibility depends on FICO, LTV, occupancy, reserves, and property type. Higher loan amounts generally require lower LTV and more reserves.
Cross-over: high-net-worth + self-employed
Roadblock
Roadblock
Roadblock
Turned down on a jumbo because your tax return is "too small"?
It's the most common high-end mortgage problem we solve. Successful business owners write off legitimately, retirees live on assets, and family-office beneficiaries take strategic distributions. None of those profiles read well to a traditional underwriter, but they're textbook jumbo alt-doc files.
Liquidity, not income
You live on assets, not paychecks. Tax return doesn't reflect it.
Asset Utilization →No income at all on file
Recently sold a business, or simply prefer not to document. Asset-only path.
Asset Qualifier →
Why work with us
Direct-lender jumbo, not a retail desk.
Cornerstone First Mortgage is a full-service mortgage lender with deep relationships across the major non-agency jumbo investor pools. We pick the program your file fits, instead of forcing every jumbo file through a single product.
- Multiple jumbo investor pools: full doc, bank statement, P&L, asset programs, Medical Professionals, super jumbo.
- In-house processing & underwriting: your loan officer talks to the desk reviewing the file.
- Discreet handling for high-net-worth borrowers, minimum required documentation, not a kitchen-sink approach.
- Equal Opportunity Lender.
I'd been told no on three different $1.4M Scottsdale offers because of how my tax return reads. Mike used 24 months of business bank statements to qualify me cleanly, closed in 33 days, no contingency.
D.S.: Scottsdale, AZ · E-commerce founder
FAQ
High-net-worth borrower questions
What credit score is required for a jumbo loan?
FICO floors typically range from 660 to 700 depending on program, LTV, and loan amount. Higher LTV (≥80%) and higher loan amounts (≥$2M) push the FICO floor toward 720+. The Medical Professionals program is one of the most lenient, credit floors as low as 680 with high LTV.
How much do I need to put down on a jumbo?
Standard jumbo: typically 10–20% down (90% LTV available on many programs up to ~$1.5M; 80% LTV is common up to $3M). Asset Qualifier programs typically want 25–30% down. Medical Professionals programs allow up to 100% LTV with no PMI for qualifying physicians and dentists.
What reserves do jumbo loans require?
Typical jumbo reserves: 6 months of PITIA on the subject property at standard loan amounts; 9–12 months for loans ≥$2M; 12–18 months for loans ≥$3M or super jumbo. Reserves can come from liquid assets, retirement (with haircut), and sometimes pledged assets.
Can I do an interest-only jumbo loan?
Yes, interest-only is a common feature on jumbo programs, typically with a 10-year IO period followed by 20 years of P&I. Useful for executives expecting bonus or RSU vesting events to pay down principal in chunks.
Can I close in a trust or LLC?
Many jumbo programs allow closing in a revocable living trust for primary residences. LLC closing is more typically reserved for investor-property loans (which we're not focused on here). Estate-planning trust closings are routine on the high-end side, bring your trust documents to the consult.
Are jumbo rates much higher than conforming?
Often not, jumbo pricing has tightened significantly versus conforming over the last several years. On strong files (high FICO, low LTV, large reserves), jumbo can occasionally price at or below conforming. Pricing is investor- and file-specific.
Ready to talk specifics?
Bring your numbers, purchase price, down payment available, income picture. We'll match you to the right program in 20 minutes.