I am looking to purchase a home in the 700-800k range. Great income 700+ credit. Had a short sale two and a half years ago but was never late. Had to move due to a taking a job out of state.Really need some help...is this even possible? by kurt.k_132_304 from Tempe, Arizona. Jan 28th 2013
80% Loan To Value is most likely the maximum you will find. With that said, the issue will be with your short sale histories with less than 3 years of seasoning, as the most understanding loan programs are offered through FHA, VA, & USDA. FHA County Limits for Scottsdale, AZ and Maricopa County are up to $346,250 for a Single Family Dwelling which will not be any help to you. I'll be happy to discuss this more offline if you'd like. We are a Nationwide Direct Lender!
I would need to look at your complete profile, but there are jumbo products that will allow for 10% down.. 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. 480-287-5714 WilliamAcres.com
There may be a chance to get to 90% Loan To Value, but the loan amount will a maximum of $625,500, therefore making your maximum purchase price without any additional down payment funds around $695,000. If you would like to apply online to see if we can get a Credit Decision in advance of moving too far along, please visit www.123LoanYes.com or send me an offline email. Thank you and Good Luck!
80% is most likely the max Loan to Value you can find.
I know of a few programs that you can use for a jumbo with only 10% down. You should Call William Acres from Velocity. You can find his contact info on this site. He will certainly be able to help you.
I have a 10% down jumbo loan that goes to $750,000. Feel free to contact me to qualify at 602-820-0881 or via email fernando@wjbonline.com
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