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Relocating Need a a Loan

I have just relocated to California for work. I am currently looking at a home priced at 420,000. I have a home in Arizona that i am selling...short sale. I have 300,000 for a down payment and annual income of around 90,000, great credit until the short sale occurs, who can get me a loan by JimParker903mm from Chandler, Arizona. Oct 26th 2010 Reply


Patrick Bodine (pbodine)
#11 ranked lender in Minnesota - 25 contributions

I can,at BNC National Bank we are a nation wide lender and as long as you qualify with both payments you can purchase your home in California. Even if the short sale occurs before you purchase, as long as there is no deficiency with the lender agreeing to the short sale, and and you have no delinquecies on your credit, then you would be able to qualify for a conventional conforming loan.My contact information is listed below.Patrick BodineMortgage Consultant 650 Douglas Drive NorthGolden Valley, MN 55422Cell:651.248.0467 Office:612.305.2284 Fax:612.766.9884 Email:pbodine@bncnationalbank.comWebsite:www.bncnationalbank.com/minneapolis/pbodine

Oct 27th 2010
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Casey Persinger (casey@thelowpricelender.com)
#31 ranked lender in Utah - 30 contributions

No one, well Guido the investor could but no lenders will lend mortgage money to you. I'm sorry for the circumstances that you find yourself in, however, a short sale even if the shorted amount is big or small is "coded" on your credit as a foreclosure. This means that according to FHA guidelines the soonest you could obtain an FHA loan would be 3 years and a conventional loan would be 4 years.

Oct 26th 2010
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Joseph Hendizadeh (josephh)
#339 ranked lender in California - 29 contributions

If you can dont short sale the house, rather rent it out and see if you can cover, the mortgage and so forth. This way your credit wont get affected and you will have a better chance of being able to qualify for a new home. The home in AZ could be an investment property if you do not anticipate living in there. Also if you have 300,000 available for down payment, you can probably find a house out here in CA depending on where for that price and buy it all cash.

Oct 26th 2010
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Matt Davis (Matt Davis)
#147 ranked lender in California - 52 contributions

Hi Jim,What area of California are you looking in? Call or email me with the details and I can get you approval details very quickly.888-PierWest(743-7937) X 701 or at Matt@PierWestCapital.comBest,Matt Davis

Oct 26th 2010
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Dwight Bennett (Dwight)
#17 ranked lender in South Carolina - 11 contributions

Although I do not lend in California, I can give you some guidance. As long as you qualify with both payments you can purchase your home in California. Even if the short sale occurs before you purchase, as long as there is no deficiency with the lender agreeing to the short sale, and and you have no delinquecies on your credit, then you would be able to qualify for a conforming loan.

Oct 27th 2010
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Crestico Funding (CresticoFunding)
#312 ranked lender in California - 337 contributions

Hello Jim, We might be able to help you however i need more information about your work and current resident, please contact Houtan.Hormozian@Crestico.com or 949 242 5215, you can also visit www.cresticofunding.com and complete a short application.

Oct 27th 2010
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