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need a jumbo loan post short sale

Short sale closed in 2/2013. Credit scores are 640-670 and looking for a new loan. by jennifer.g66747 from San Luis, Colorado. Nov 6th 2015 Reply


Michael Storey (ms@genevafi.com)
#110 ranked lender in Colorado - 4 contributions

Hello Jennifer:I can help you!We have relationships with over 80 Lenders. Your Short & Credit Scores will fit our Guidelines.Michael StoreyRegional ManagerGeneva Financialms@genevafi.com303-223-4000

Nov 6th 2015
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Jason Berman (jason@jbermangroup.com)
#103 ranked lender in Colorado - 25 contributions

Hi Jennifer, Short sale rules changed this year. Fannie Mae has reduced the mandatory waiting period for a mortgage after bankruptcy, short sale, or pre-foreclosure. Borrowers no longer need to wait 4 years before re-applying to get a mortgage.Give me a call if you have any questions. 970.455.4131. ThanksJason Berman

Nov 6th 2015
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I am a mortgage broker here in Colorado please give me a call at 720-837-7295 and I will be happy to go over your needs my name is Mark Hemingway my company is security financial services. I'm leaving this message remotely so I'm not logged into the system

Nov 6th 2015
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Mark Hemingway (SFSLend)
#1 ranked lender in Colorado - 569 contributions

Jennifer, I am now back in my office and logged into Lender411. Please call me at either 303-955-5606 or my mobile at 720-837-7295. I have done several of these loans just this year. I am the #2 lender on this site and I can also provide plenty of referrals of other clients I have helped with loans for someone like yourself. I also have a website at www.sfslend.com where you can find more info on myself and my company.

Nov 6th 2015
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Jacob Haddan (JacobColeHaddan)
#71 ranked lender in Colorado - 35 contributions

I can probably help call me at 720.210.7898 or apply online at jacobdenver.com. I can do a jumbo with the right amount down. normally most lenders want 0 short sales but I have 35 investors at MAC5 in addition to hard money options funds are not always available right away but I recommend you start the application now so your ready when funds come in. Jacob 720.210.7898

Nov 6th 2015
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Sean Young (SeanYoung)
#2 ranked lender in Colorado - 1,107 contributions

Hi Jennifer, it would depend on how much you have as a down payment and how much the loan amount is for. It would be best to discuss this in detail. You can reach me today up to 9:00 pm or over the weekend at sean.young@nafinc.com or 303-521-7169. Sean

Nov 6th 2015
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William J Acres (William_Acres)
#2 ranked lender in Arizona - 7,933 contributions

There are lenders out there offering jumbo financing post S/S, but you are going to pay for it.. expect the rates to be in the high 5's or 6's and loan to value is going to be 70% or lower.. Conforming loan guidelines require you wait 4 years unless you have extenuating circumstances, but for 99% of the time, your "Extenuating circumstance" will not be accepted.. so your going to be stuck with 4 years.. but with a conventional, you might be able to do a 10% down payment with a $417K first and a 2nd lien position purchased money loan which would allow you to purchase a Jumbo type home, but stay within conforming loan limits.. 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 WilliamAcres.com NMLS# 226347

Nov 6th 2015
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