List of lenders who give loans one day after a short sale or foreclosure

This is the new "thing"! Sub-Prime lending is back in a big way.  There are many lenders out there writing portfolio loans to buyers one day after they do a short sale or foreclosure.  Here is a list of a few, comment below if you have any of your own to add to our list -

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1.) Amerifirst Financial
Non-Prime Correspondent Matrix:
• No seasoning required for foreclosure, short sale, or deed-in lieu
• $750,000 maximum loan amount • 30 year fixed-rate • No prepayment penalties
• Nonpermanent Resident Aliens and Foreign Nationals allowed
Owner Occupied Properties Investment Properties
FICO Purchase LTV Rate FICO Purchase LTV Rate
660 80% 720 70%
560 75% 620 65%
500 70% 560 60%
New Day Program - 1 day out of FC / SS / BK (The program is only available in AZ, CA, TX)
o 20-30% Down Payment
o No limit to amount of financed properties. We will do greater than 10
o Owner Occ, Non-Owner Occ, and Foreign National Investors
o Full Doc or Bank Statement Income in excess of taxable
Ted Canto Regional Recruitment Manager and Senior Mortgage Advisor (480) 650-8602 mobile (480) 339-1623 fax ted@tedcanto.com www.tedcanto.com Amerifirst Financial 15111 North Pima Road Scottsdale, AZ 85261 NMLS 228393 & CA DOC207897

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2.) PacTrust Bank
I’m in most states that shouldn’t be an issue. Yes these are portfolio loans.
There can only be one event on their history. For example They cant have two foreclosures or two short sales. I can just be one short sale or foreclosure.
The Price is as follows
Rate Adjustment over program posted rates:
• 75.01-80% LTV + 2.000%
• 70.01-75% LTV + 1.500%
• Up to 70% LTV + 1.000%
Starting rates are 4.15% today
Any other questions?
Sincerely,
Isidro Hernandez Jr
Mortgage Banker
NMLS #1020519
18500 Von Karman Ave., Suite 1100
Irvine, CA 92612
Cell 562.204.6221
Fax (978) 367-1248
Isidro.Hernandez@pactrustbank.com


#3.) Priority Financial Network
1 DAY AFTER SHORT SALE CLOSES!!!
–CA, OR, WA, AZ, UT, CO, NV (soon), Florida (soon)
Eric is located in California.
Eric T. Mitchell Senior Vice President Toll Free Phone & Fax | 888-696-1344 ext.729 Local Phone & Fax | 310-356-7388 ext.729 Email emitchell@eric-mitchell.com Website http://www.statedincomeisback.com CA DRE 01838207 | NMLS 282876 | CA Life 0G95205 Priority Financial Network America’s Premier Direct Lender
5016 N Parkway Calabasas - #200

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Comment by Mike Linkenauger on October 7, 2013 at 7:01pm

Just got emailed this helpful image today for conventional, FHA and VA deals.  Pretty helpful for non portfolio loans...

https://www.marketing-publicaccess.com/collateral/665/images/0610_22_Timeline_I.jpg

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