Jumbo & Physician Loans
How much of a down payment do I need for a jumbo loan in Arizona?
Possibly less than you think. While 20% down is a common benchmark for jumbo financing, some jumbo programs allow qualified borrowers to purchase with as little as 10% down. On a $1.5 million home, that's the difference between $300,000 and $150,000 committed to the down payment.
By Virginia Fargo, Mortgage Loan Originator, NMLS #299320 · Last reviewed October 13, 2026
The tradeoffs of a smaller down payment
Debt-to-income ratio can become more restrictive at higher loan-to-value ratios, so buyers using 10% down may need stronger income and credit profiles. Reserve requirements also matter — some programs require several months of housing payments in reserves after closing.
Is 20% down always the best choice?
Not necessarily. Putting 20% down may lower the payment or improve pricing — but it also ties up a large amount of cash. If keeping liquidity matters to you (investments, renovations, emergencies), a 10%-down structure may fit your goals better even if the monthly payment is somewhat higher. This is a conversation worth having before you make an offer, not after.
No-down-payment exceptions
Eligible medical professionals may qualify for physician mortgage financing with no down payment and no monthly PMI on homes up to certain price points. VA-eligible borrowers may also have no-down-payment options through VA financing, subject to eligibility requirements.
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Published guide on nohasslehomeloans.com · Sep 24, 2026
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