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Looking for a jumbo loan after a short sale

My short sale was a little over 2 yrs ago because I was hospitalized. But my credit score is 730 and I can put a down payment of 20% on a jumbo. Any jumbo lenders available in Texas? by keithlambartt99713 from Sidney, Texas. Apr 28th 2015 Reply

William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,728 contributions

it's highly unlikely you will find a lender willing to do a Jumbo with a short sale that has not seasoned at least 5 years, but most likely 7. Even conventional guidelines require 4 years after a short sale... There might be a portfolio or hard money lender out there willing to do something, but expect the terms to be terrible.. most likely you would need 35% to 40% down and rates to be in the teens.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714

Apr 28th 2015
Scott Bible (scottbible)
#229 ranked lender in Texas - 3 contributions

Our lowest waiting period after short sale for a jumbo at the company I work: Eagle Home Mortgage, 512-299-0616, here in Austin, Tx, is 4 years. One suggestion would be to look at a smaller loan amount and get an FHA loan. The loan limit in my area is around 330k so you could find something close to jumbo size and put 20% down. Any further questions about buying after short sale give me a call or text to 512-299-0616. Thanks

Apr 28th 2015
Nikki C (
#1105 ranked lender in California - 2 contributions

Here at Athas Capital we allow up to 1 day out of Short Sale. We allow 80% ltv with fico at 650+ and JUMBO LOANS up to $2 M. Full Docs, Alt Docs ( 12- 24 months bank statements). We are a Direct Portfolio Lender and Wholesale Lender.We are both residential and Commercial Lender that could do stated stated deals on Business Purpose loans. We lend to mostly all Western States.

Apr 29th 2015
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