A jumbo loan is a type of mortgage that exceeds the conforming loan limits set by Fannie Mae and Freddie Mac. These loans are typically used to finance luxury homes or properties in high-cost areas where home prices exceed the standard limit. Jumbo loans often have stricter requirements for borrowers, including higher credit scores, larger down payments, and lower debt-to-income ratios.
Because jumbo loans carry more risk for lenders than conventional mortgages, they often come with higher interest rates and fees. However, they can also provide access to financing for those who need it most. If you're considering a jumbo loan, it's important to work with an experienced lender who can help guide you through the process and ensure that you get the best possible terms based on your financial situation and goals.
Pima County is a county in the south central region of the U.S. state of Arizona. As of the 2020 census, the population was 1,043,433, making it Arizona's second-most populous county. The county seat is Tucson, where most of the population is centered.
Population: 1.052 million (2021)
Address: 5416 E Pima St, Tucson, AZ 85712
Address: 5451 East Benson Highway I-10 & Craycroft Rd., (Exit 268, 5451 E Benson Hwy, Tucson, AZ 85756
Address: 4122 E Speedway Blvd, Tucson, AZ 85712