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21 June 2013

Jumbo Loan After Foreclosure Or Short Sale

New program available for Jumbo loans after foreclosure or short sale.   Requirements: No required waiting period needed to qualify 10% down (With 20% Pledged assets or Cross-collateralization) 30% down (Without Pledged assets or Cross-collateralization) 680 Credit score (Lower scores by exception only) $400,000 Minimum Loan amount $10,000,000 Maximum Loan amount Interest only option available […]

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New program available for Jumbo loans after foreclosure or short sale.  

Requirements:

No required waiting period needed to qualify

10% down (With 20% Pledged assets or Cross-collateralization)

30% down (Without Pledged assets or Cross-collateralization)

680 Credit score (Lower scores by exception only)

$400,000 Minimum Loan amount

$10,000,000 Maximum Loan amount

Interest only option available (Requires 40% down)

Asset depletion option available.  (Stated income / Verified assets)

Second home ok

Investment property ok

Primary residence ok

Program available in select States: CA, AZ, NV, FL, TX, WA, OR, ID, CO, WI, MD, VA, TN, IL, MO, HI,

5 year fixed / 7 year fixed / 10 year fixed programs available

Points range from 1-2% depending upon rate chosen.  Rates range between 4%-5%

This is not a hard money loan.  This is a portfolio loan program from a direct lender.

Email us for more information at info@afterforeclosure.com

 

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