Arizona has 1000s of fortunate luxury homeowners and buyers. Architectural styles range from Adobe, Mediterranean, European, modern and contemporary style estates that offer spectacular views of the Camelback Mountain, Sky Harbor Airport and other landmarks in Phoenix.
Apart from using all-cash, a jumbo loan is the best way to buy a luxury home dependent on having a high credit score, down payment, acceptable debt-to-income ratios Conforming loan limits are $417,000 in Arizona and nationwide, while jumbo mortgages are above these limits.
So, if you own or are thinking of purchasing a home in a high-cost areas like Scottsdale (Silverleaf, Troon, Desert Mountain), Paradise Valley, Fountain Hills, Carefree, Chandler, Cave Creek, Arcadia, Biltmore, Mesa. Typical amenities in these affluent luxury communities include golf courses, resorts, spas, country clubs, and fine restaurants.
Let's not forget about the peaceful smaller city of Tucson with its comparable gorgeous year round weather. The prestiguous Dove Mountain community in the Tortolita Mountains and nearby Oro Valley gated subdivisions or the fine homes in the Catalina Foothills which provide fabulous views of the city and mountains.
Prescott residents enjoy a cooler climate than Maricopa county's desert due to its elevation of 5,400 feet. As a result, many homes will have amazing views of the Bradshaw Mountain, Thumb Butte, San Francisco Peaks. Privacy is excellent as well with residences having from 1 - 40 acres of land. The exclusive Hassayampa Village Community, is where you'll find a private golf course and properties with a barn and stables for horses.
Among the favorite luxury neighborhoods is the premier Dry Creek Corridor with its Enchantment Resort and Seven Canyons Private Golf Club. There's also the equally desirable gated Casa Contenta subdivision, Rolling Hills Estates, Wild Horse Mesa, Village of Oak Creek, Cross Creek Ranch and more.
Sedona is mountain living at its finest. Its locaiton bordering the Coconino National Forest provides for numerous outdoor adventures. Prices range from $250,000 for a condo to $5 million for an estate nestled in the hills. With a 10% down jumbo home loan for homes up to the $2.5 million or 15-20% for multi-million dollar estates, living in one of these neighborhoods (or adjacent) is a reality. Discuss your possible purchase or refinance with us. Not every loan applicant will qualify and loan programs are subject to change.
The Ranch at Prescott HOA
NMLS License #4869
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