We have the same program available after foreclosure as well. As of now it's available in AZ, CA, CO, DC, FL, HI, IL, MD, MT, NV, NJ, NY, NC, OR, SC, VA, and WA
Yes you can get a Jumbo loan 2 year after the completion of a short sale provided you can put down 20% and all off your other qualifications are in line. Our Jumbo guidelines follow Fannie/Freddie in regards to Short Sales/Foreclosures/Deed-in Lieu/Bankruptcy and there is no pricing hit. We offer competitive market rates 30/15 year fixed and 5/7/10 year ARMS.
V.P. Branch Manager
(858) 212-7054 Direct
(760) 331-2063 Fax
If you would like more info contact me at my website below-
Real Estate Professional / Prestige Realty
Bianca Bennett / 602-570-7898
Let her know Mark Tait referred you!
I can second CFS Mortgage!! I have worked with Ted Lanier in the past and really feel as though he gives you honest answers without giving you the run around. Let me know if you have any further questions :))
CFS Mortgage assists homeowners who have recently been through a foreclosure, short sale or have recently emerged from bankruptcy.
I know a few licensed mortgage brokers in Arizona who can do those type of deals.
There's a few different loan programs and options to make it work. You are almost at the 3 year mark so then FHA "may look at you" with a good sized down payment and credit score (which you have already) . Although, I'd try a company that has a portfolio product before FHA though.
Plus, with more investors buying jumbo loans they'll be less strict than 2 to 3 years ago.
What type of properties are you looking at? How much reserves do you have?
Within 2 years of a shortsale Fannie Mae (conventional financing) will issue a loan that is max 80 ltv.
Please give me a call or email.
To answer your question... Yes! I can help you!
I work with an AMAZING lender.
Feel free to give me a call today to further discuss your needs!
I look forward to hearing from you soon!
Sorry it took a while to get back to you; some family emergency issues the past few days...
I do have a lender which seems to meet your needs: Will do standard loan-to-values for "non-delinquent short-sales", which means to 85% for them. Would need to get credit score up to 720, but that should not be a problem as you are now at 717. Everything else sounds doable.
Give me a call or send me an email and we can look at all the details to assure there are no issues once we do "turn over every stone". :)
Bill Parker, Loan Officer
AZ Lic# 09011570
CPA--Licensed, no longer practicing
GenCor Mortgage Inc.
15730 N. 83rd Way, Suite 103
Scottsdale, AZ 85260
(O) 480-525-8496, EXT 743; (M) 602-565-3646; (F) 480-436-5226
MISSION STATEMENT: To create an unbelievably enjoyable experience for my clients, while guiding them through the most important financial transactions of their personal lives. My clients know me as their Mortgage Lender for Life. I truly appreciate your referrals.
If you think it's expensive to hire a professional to do the job, wait until you hire an amateur.
Red Adair, Oil well firefighter
Yes, for some lenders that may be able to help you with a jumbo loan: http://www.arizonahomesland.com/arizonamortgageloans.html
Don't rule out "seller may carry" homes with interim financing if you have the down payment: http://link.flexmls.com/ub7k1q5dnm5,12
Feel free to call me with questions.
Jeffrey Masich, Realtor, GRI, MBA
Arizona homes and land for purchase or sale
Jumbo loans are different than Conforming loans on how they treat short sales. I will be glad to look at our Jumbo lenders tomorrow and give you concrete information on what is available.
What purchase price and loan amounts are you considering (so I will know what Loan-to-Value to research)?
Can't act me at 602-717-0796.
Peoples Mortgage Company has a unique program that will allow a Buyer to purchase a home 1 day out of Short Sale, Foreclosure and Bankruptcy. Minimum FICO score of 600, 25% down and at least 6 months reserves. Primary Residence Only! This is not a Hard Money Loan! Contact Janet Torrez @ 480-570-3814
Hope this helps and make sure to let her know i referred you!
Have a GREAT day!