How to get a Jumbo Loan After Short-Sale or Foreclosure

interest-only-mortgage

It is now possible to get a Jumbo Loan immediately after a Short-Sale or Foreclosure.

There are many people that don’t think they can qualify for a Jumbo Mortgage because they have a recent Short-Sale, Foreclosure or Bankruptcy. They have been turned down by other lenders time and time again, and thought they have exhausted all chances of getting another Jumbo Loan.

Introducing our solution –

The “2nd Chance” loan

Here are the basics –

  • Flexible down-payment options starting at 10%
  • Options available down to 580 credit score (requires 30% down) 
  • Flexible reserve requirements (3-9 months) depending on LTV and FICO
  • Primary or 2nd Home Purchase or Refinance (rate & term or cash out, NO construction)
  • Loan Amounts from $50,000 to $4 Million – JUMBO (with exceptions to go higher)
  • No Prepayment penalty or points (can refinance later)
  • NOT Hard Money (much better rates)
  • Exclusive Jumbo Portfolio loan (not available at most other lenders)

What are the rates like?

While I can’t quote rates here because they are constantly changing and are adjusted to your unique scenario, there are several reasons why they can be kept low.

  • This is a fully underwritten portfolio Jumbo loan. It’s NOT hard money.
  • It’s a “Full Doc” loan 
  • The down payment is substantial ( minimum 10% )

Get a Free No Obligation Quote on this Jumbo Loan

Contact Us

Craig Bosse
(925) 849 1807
NMLS # 1019442

What our clients are saying –

“Ok–I found Craig by googling “Can I get a jumbo loan after a short sale?”

I am a realtor myself & had short sold my own home in 2010. My husband & I were looking to enter the market again 4 1/2 years later, but, we needed a jumbo loan. My go-to lender, who has always been honest with me, told me that he didn’t know of anyone doing jumbos after short sales, but, that I might find someone. ENTER, Craig.

From the first time I contacted Craig & gave him all of our information, he told me he didn’t see any issues & that he would be able to do it. Being a little leery of lenders, I wasn’t sure, but, Craig seemed honest & sincere & not like your typical mortgage guy (sorry for the stereotype :-))

Needless to say, he was honest & sincere. He did exactly what he said he could do & he closed our loan ON TIME (in only 30 days–which if you don’t know–that is a quick time to get a jumbo done).

I would highly recommend Craig to anyone looking for any type of mortgage loan. He was professional, kind & always kept us updated & feeling good through which what otherwise can be a stressful experience.

We feel so fortunate to have found Craig & are so thankful that he helped us make our dream home a reality!! Thank you, Craig!!” – Mandi M Ladera Ranch, CA

“I found Craig while looking for a bank willing to give us a mortgage after our short sale. We were able to secure a loan thru his 2nd Chance program with Weifornia 18 months after our short sale. We even got a lower rate than we had for our home we bought in 2007! He was very helpful and the transaction went smooth (even without using a real estate agent). We highly recommend him!! Thank you for helping our dreams come true, Craig!!” – Jen B. Corona, CA

“Craig was the only lender out of 7 who kept his promise and helped me purchased a home. He knew his stuff. He was nice and responsive. He worked fast and at anytime of day to help me to obtain my goal of buying a home. I would refer Craig to anyone needing a home loan. Thank you again Craig!” – Keri T. Dublin, CA

“Craig’s was helpful and always responsive throughout the entire loan acquisition process. In addition, his company was able to provide a product and service level not found with the big banks and mainstream mortgage companies. I highly recommend Craig.” – Geoff L. Campo, CA

“Craig was great!! He was very knowledgeable, responsive and professional. He explained every detail of the process thoroughly and was very transparent throughout the loan process. I highly recommend working with Craig Bosse!” – Samantha S. Waldport, OR

“Craig Bosse is wonderful, he made my whole experience pleasant. It is a pleasure working with him and the whole staff. This is definitely a company you can count on.” – Eric G. Corona, CA

See my Reviews on Trulia

Comments
  • Bill
    Reply

    I’m inquiring about qualifying for a jumbo loan after a foreclosure. I understand that the current conventional loan rules disqualify and applicant with a foreclosure within loan 7 years. Mine foreclosure happened five years ago. I’m requesting a loan of about $1.5M with a credit score of about 680. I make plenty of income to qualify but stuck on the 7 year rule. Can you help?

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