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Financing in 85271 : Real Estate Advice

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Activity 28
Sun Apr 14, 2013
Joella Sartin answered:
Hello Scott, you might check directly with US Bank, Washington Federal or credit union if you are associated with one. The Lot loans and construction phase is just returning to the market. ... more
0 votes 6 answers Share Flag
Mon May 30, 2016
Grant Olsen answered:
Hello Kurt,

I have two mortgage brokers that would be able to assist you in the jumbo loan department. Please respond to me and I can get you their contact information.

Let's find you a great new home in Scottsdale!


Grant Olsen
REALTOR®
Prudential Arizona Properties
(480) 800-9635
www.InvestAzSunshine.com
For Active Listing Info Text: GrantMyWish to 32323
... more
0 votes 26 answers Share Flag
Wed Apr 30, 2014
Camille Swanson answered:
You might try a smaller mortgage bank that will do a portfolio loan. Bankers Trust is IA based and has offices locally. I recently had a meeting with on of their loan officers there & I recall him telling me that they could do them. Call me at 602-810-1750 and I can forward you his details. ... more
0 votes 1 answer Share Flag
Sat Oct 20, 2012
Doug McVinua answered:
End of the month is likely the best time, avoids another months interest on your current loan and will be lower out of pocket as well.

Your lender should be able to provide exact numbers for you!

Later in the month is actually better than end, end of the month is slammed for most lenders and title companies.
... more
0 votes 9 answers Share Flag
Sat Jul 28, 2012
Howard Rudin answered:
Lenders look at each individual on a one-on-one basis these days because of the high risk of loss. Here are the names of two lenders to contact about your needs. I utilize both of them in my real estate practice. They both do a great job for my clients and I. Jim Buchanan - Academy Mortgage 480-241-6908 and Chrissa Michelle with Peoples Mortgage 602-770-8423.

If you need any help with a home, I would love the opportunity to assist you.

Sincerely,

Howard Rudin
West USA REALTY
602-390-8088
... more
0 votes 8 answers Share Flag
Fri Dec 30, 2011
Tan Johnson answered:
My name is Tan Johnson. I am with the commercial division of Keyes Realty. Your information was sent to me by one of my associates that read your request, online. I would like to help you, if you have not yet received the information you need on the store.

TanJohnson@TanJohnson.Com
www.TanJohnson.Com
305 400 2420
... more
0 votes 1 answer Share Flag
Mon Nov 11, 2013
Jerry Cecil answered:
Jim,
Phoenix is out of my area, I am a Realtor in Prescott, AZ. There are some pretty good deals in Prescott on duplexes, triplexes and fourplexes. I work pretty closely with a real estate attorney, mortgage broker, and CPA.
My wife is a CPA. She currently works with many real estate developers and contractors in Phoenix. She is very expereinced with setting up LLC's. She works pretty closely with a book-keeper. Her number is 928-443-8893. e-mail kriscecil@cableone.net. Website; azprescottcpa.com
... more
0 votes 9 answers Share Flag
Wed Oct 15, 2014
Dallas Texas answered:
Simple answer no: Charities then entire country would be lined up for this.

Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
972-699-9111
http://www.lynn911.com
... more
0 votes 13 answers Share Flag
Tue Nov 9, 2010
Judi Monday, CRS answered:
I work with a number of Canadian Buyers in Green Valley, AZ and one of the banks that I know will lend to Canadians ( at least they were 6 months ago) is Washington Federal--not sure if they have a branch in Phoenix.

Best of Luck To You!
... more
0 votes 21 answers Share Flag
Sat Oct 16, 2010
scott farmer answered:
Jumbo loans are still really difficult to qualify for in a perfect scenario. You may need to do a seller carry or lease purchase which in this buyers market might possibly work out well for you.

Sandy Farmer
Realtor, GRI, CSSN
John Hall & Associates
sandy@land-homes.com
... more
0 votes 6 answers Share Flag
Thu Aug 23, 2012
The Canto Team answered:
This is correct, It actually costs money to do this small loan, There is a long story to this but basically federal laws trigger a limitation to the costs. The smallest loan still costs $3900-4300 at a minimum. The lender is then forced to reduce the fees by actually paying them.. It doesn't make sense.

However, I heard that Chase might do them (Not sure how) but call them.
... more
0 votes 10 answers Share Flag
Thu Jul 5, 2012
Donald Keys answered:
Scott, you would need to talk to a mortgage professional but I would say you are in good shape to purchase a home.

Here is a lender in the Scottsdale area you can talk to:

Mark Taylor 602-361-0707
www.awesomerates.com

Here is a LIVE LIST of homes for sale in 85255 that you can view:

http://link.flexmls.com/rirx0f9ofxd,12

Let me know if you need anything else.
... more
0 votes 23 answers Share Flag
Mon Oct 4, 2010
Keane Ng answered:
Most are 30% down or more but you can find some lenders who will take 20% down on transactions under a million if you look hard enough.
0 votes 11 answers Share Flag
Tue Nov 26, 2013
Roswell Moore, answered:
Hi Dan,

Low doc & no doc loans are a thing of the past. You can get a hard money loan, but I don't think that is what you are looking for in that they usually require a large down payment of 30% or more, have high interest rates into the 15% to 18% range, & are usually short term.

There is a pledged asset loan you could possibly look at, but you will need to pledge liquid assets that you don't want to liquidate, such as stocks & bonds, valued at a percentage more than the value of your home.

For a full doc loan for a home in your price range, we are looking at 25% down. I hope that helps...

All the best,
Ros

Roswell Moore, CMPS
Certified Mortgage Planner
480-422-5095 direct
... more
0 votes 8 answers Share Flag
Wed May 26, 2010
Donald Keys answered:
They work great :)
Just contact a lender (mortgage broker or mortgage banker) and they can explain them to you.
General terms: You can buy a home with a 3.5% down payment as long as the seller is offering FHA financing (some Short Sales and some Foreclosure do not) Your professional REALTOR can help you with this.

There are limits for Maricopa County that you would consult a professional mortgage broker.

Feel free to search Scottsdale homes for sale here: http://www.TheKeysTeam.com/Scottsdale.html for homes that accept FHA financing, just click on the DETAILS tab, look under Financing section for FHA.

I hope this helps.
... more
0 votes 8 answers Share Flag
Wed Apr 21, 2010
Gerard Dunn answered:
The guidelines have changed regarding down payment requirements for Jumbo loans.

2mm will require a down payment of 25 to 30% in this post-mortgage meltdown market.

Good Luck!

Gerry Dunn
Associate Broker
Serving Maryland, DC and Northern Virginia
... more
0 votes 5 answers Share Flag
Tue Feb 1, 2011
Hannah Fliegel answered:
Hi Denny,

You can try these resources, they are free and government sponsored programs.

http://www.Hud.gov
This is a hud counselor who can discuss the various government programs with you

http://www.makinghomeaffordable.com
This is the loan modification program sponsored by the government

http://www.naca.com
This is an agency that offers free loan modifications very aggressive and hud certified.

Good luck!
... more
0 votes 7 answers Share Flag
Tue Jul 13, 2010
Roswell Moore, answered:
Chad,

I may be able to help. Contact me when you have a chance so I can get the details.

Thanks & all the best,
Ros

Roswell Moore, CMPS
Certified Mortgage Planner
imortgage
480-422-5095 direct
... more
0 votes 2 answers Share Flag
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