Mortgage | Jumbo Loans

jumbo loan mortgage arizona jeff heggie real estate

Jeff Heggie – Arizona Mortgage Loan Officer NMLS#2247399

Some of you may know, but in addition to my business, success, and peak performance coaching, I have recently joined Geneva Financial Home Loans, a mortgage lender headquartered in Chandler, Arizona as a Mortgage Loan Originator. I’ve always had a passion for serving others and now I’m proud to be a part of Home Loans Powered by Humans. If you are in the state of Arizona and looking to take the next step in your journey, contact me at 801-830-3858 to start the conversation.

NMLS#42056 BK#0910215 Equal Opportunity Lender.

In addition to my other articles on this site, at times I will share valuable information regarding the mortgage and/or real estate industry.

At Geneva Financial we offer Conventional, FHA, VA, USDA, Refinance, Reverse, Jumbo and Condo Financing as well as Down Payment Assistance Programs, First-Time Homebuyer Programs, Physician Loans and Hero Loans for First Responders, Police, Firefighters, Nurses, and Teachers.

The Arizona real estate market is exciting right now. So whether you are moving to Arizona and you’re looking to buy a new home, or you already live here and you’re looking to buy, or refinance, there are many opportunities.

Jumbo Loan

A jumbo loan is a loan for a home where the loan amount falls outside of the conforming loan limits. In most counties the conforming loan limit is $647,200 as of 2022 (higher in other counties).

Who is a Jumbo designed for?

A jumbo 30-year fixed-rate mortgage1 is a convenient way to finance your dream home without requiring a second mortgage or tying up cash. If you are looking to buy a high-priced or luxury home and have a lower debt-to-income ratio, a higher credit score, and a larger down payment, a jumbo loan may be right for you.

What are the benefits?
  • UP TO $1-2 MILLION
  • Credit Score of 640
  • Jumbo loan for amounts greater than the Conforming Jumbo limit in your county, up to $1-2 million

We have an entire suite of Jumbo products designed to help you finance your dreams. Let’s take a look:

Trailblazer Jumbo

·       Prime Non-Conforming

·       Max 90% LTV

·        Loan Amounts up to $3,000,000

·        Cash-Out up to 80% LTV

·       Condos up to 85% LTV

·        DTI up to 43%

·       Credit Score Down to 660

Trailblazer Plus Jumbo

·      AUS (DU or LP) Findings for Income and Asset Requirements

·      Max 90% LTV

·      Loan Amounts up to $3,500,000

·      DTI up to 50%

·      Credit Score Down to 660

·       Low Reserves Based on AUS and Loan Amount

Champion Classic & Achiever Expanded Credit

·      Loan Amounts up to $3,000,000

·      Credit Scores Down to 620

·       Bank Statements and Full Doc Income for Qualifying

·      30-Year Fixed with 10 Year Interest Only Option available

·       Purchase, Rate & Term, and Cash-Out

·       Non-Warrantable Condos Permitted

·      First Time Homebuyers Allowed

·      Texas Cash-Out available

·       LTV up to 90% (Champion Only)

·       Asset Utilization up to 90% LTV (Champion Only)

·       No MI Required

VA Jumbo:

If you are a veteran looking for a home loan that has a purchase price above the conforming loan limit, you’ll want to look into a VA Jumbo loan program.

This is designed for Jumbo Loan amounts. Using your benefits as a veteran allows for you to have less strict qualifying requirements. Depending on your credit score, you may still qualify for no down payment- even on a higher loan amount!

For more information and details contact Jeff at jheggie@genevafi.com or (801)830-3858 or visit https://www.genevafi.com/jeff-heggie/

Learn about other mortgage products: Conventional Loans, FHA Loans, Refinancing, VA Loans, USDA Loans, HERO Loans, Renovation Loans, Others

Visit https://www.genevafi.com/jeff-heggie/


Published by D. Jeff Heggie

Father, Husband, Coach & Entrepreneur

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