Financing in 85260>Question Details

jwalker23450, Real Estate Pro in Scottsdale, AZ

Looking for financing a 1.825m house for a cpl that has 770 credit and 1.3m in cash reserves. They want to put down 10% or as little as possible?

Asked by jwalker23450, Scottsdale, AZ Sun Apr 21, 2013

They have already provided 2 months bank statements and 2 yrs tax returns and business returns

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With the cash reserves, from an investors point of view, pony up the down payment, get a decent loan and do the current market program. Call me for great assistance.
0 votes Thank Flag Link Tue Jul 2, 2013
Sounds like an easy pledged asset loan if they want to go that route.

Try Dave Engle @Merrill Lynch 480-282-3662
0 votes Thank Flag Link Sat May 11, 2013
Dear J:

They may want to approach their bank for a personal relationship loan as getting a jumbo loan product alone will be difficult. By mixing the relationship loan with a mortgage product, they may get the loan done, especially with the cash reserves.

Jeffrey Masich, Realtor, GRI, MBA
HomeSmart
Arizona homes and land for purchase or sale
http://ArizonaHomesLand.com
JeffMasich@ArizonaHomesLand.com
480-556-0940
0 votes Thank Flag Link Mon Apr 22, 2013
We have both 10% and 15% down Jumbo loans available. Please have them give me a call for more details. Thanks
0 votes Thank Flag Link Mon Apr 22, 2013
I would love to help you out! If you want to give me a call at 480-275-9566. I have a lender that would be able to help you with the services you are looking for!
0 votes Thank Flag Link Mon Apr 22, 2013
I might be able to help........
0 votes Thank Flag Link Mon Apr 22, 2013
Contact Paul Paliscak
He is the best Lender I have ever worked with in my 25 years in the Real Estate business...

Paul:
480-289-7640 office
480-773-3363 cell

Good luck,
Karlene
Broker for
A-Aa-1 Realty
480-905-8848 office
602-376-3247 cell
KarleneYourBroker@cox.net
0 votes Thank Flag Link Mon Apr 22, 2013
We may have a program that works with those numbers. A very strong borrower. Have them call me at 6023265360 or email at Brion.Crum@ml.com to do a loan approval.
Web Reference: http://www.brioncrum.com
0 votes Thank Flag Link Sun Apr 21, 2013
I have a loan program that should work for them. We have a number of options but this one does have provisions for 10% down. I am a 30 year veteran loan officer and would be happy to talk to you and your clients about it. Please feel free to call me tomorrow at 480-430-5193. My office in in the Scottsdale Quarter.

Ingrid Quinn
0 votes Thank Flag Link Sun Apr 21, 2013
Hello,
10% down isn't realistic for that loan amount. However, contact Glen Nielsen (602.369.1520) at Movement Mortgage. They have some unique programs, he would be happy to discuss their options.
0 votes Thank Flag Link Sun Apr 21, 2013
Try Jim Buchanan at Academy Mortgage his numbers 480-241-6908. Hopefully he can help you and your clients out.

howard
0 votes Thank Flag Link Sun Apr 21, 2013
Christian Serena--Merrill Lynch, Pierce, Fenner & Smith 480-607-8830
Pinnacle Capital - Paul Cruz/John Coates- 480-250-8902
0 votes Thank Flag Link Sun Apr 21, 2013
Call Tony Bellassai @ Gauranteed Rate he can help you.
0 votes Thank Flag Link Sun Apr 21, 2013
Contact:

Jake Bryant
US Bank Home Mortgage
Mortgage Loan Officer
(480)515-7760 Office
(602)750-2855 Cell
(480)473-0451 Fax
http://mtg.usbank.com/jake_bryant

He just did a very similar (80/10) 90% LTV Jumbo loan for me.
0 votes Thank Flag Link Sun Apr 21, 2013
Check out Compass Bank. They at least used to have programs fitting your criteria.
0 votes Thank Flag Link Sun Apr 21, 2013
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