New Jumbo Mortgage Programs Now Available in Arizona Including 10% Down Payment!

I'm happy to announce that while some banks are tightening guidelines and providing less options for homebuyers, W J Bradley Mortgage is offering more options to well qualified borrowers.

The latest product to come along will help those in the jumbo mortgage market. Here in the , there are plenty of homes that go well beyond the $417,000 conforming loan limits. Once you get above that $417,000 mark, the options for prospective home buyers get a much stricter.
Scottsdale/Phoenix area
greater

Here are some of the new products highlights we are currently offering: 

• 90% Loan-to-value (only 10% down payment!)
• Credit scores allowed down to 680 middle FICO
• Bankruptcy seasoning of 2-4 years depending on circumstances
• Loan amounts up to $3 million
• Only one appraisal required for loan amounts up to $2 million
• No first time homebuyer restrictions
• Up to 9% seller concessions

Finance up to 10 properties in Arizona!

How is it possible to have as many as 10 mortgages?

Many borrowers have been told by one or more banks that the maximum amount of homes allowed with mortgages on them is four. For many lenders, this is true.

Cardinal Financial offers financing for as many as 10 properties per borrower. Considering that each of the properties could be a 1-4 unit, that's quite a few units you could own as a real estate investor.

What are the limitations and how do I qualify? 

The limitations and qualifications are not very complicated for a seasoned investor to meet. They are as follows:

Delayed financing in Arizona - cash out one day after home purchase.

What is delayed financing and who could benefit from it?

Delayed financing is just a fancy way of saying that someone waits until after a home purchase to secure the home with a mortgage. The home is purchased with cash and then a mortgage is secured to the property after the fact. The mortgage process can start as little as one day after the home purchase. It is a little known and underutilized loan program. In fact, many lenders don't even offer this option.

What are the benefits of delayed financing?

Delayed financing allows a person to negotiate and purchase a home as a cash buyer, while also allowing them to leverage their investment after the fact. Many sellers are willing to lower their asking price or choose an offer for a cash buyer who is willing to close fast, so this can be a bargaining chip in the offer/contract process. This loan program also allows investment properties, so investors who need to free up cash for more purchases can certainly benefit from this.

What are the limitations of delayed financing?