The Economic Collapse of 2008 wreaked havoc on everyone's lives.  Many people lost everything financially.  Here's a guide to assist those whom experienced difficult times during this crisis by facing either a Foreclosure, Deed in Lieu of Foreclosure, Bankruptcy and/or Short Sale.  For a downloadable version, then click here.


Jumbo Loans:


One thing to understand about Jumbo mortgages is they are niche- or managed portfolio products.  This means that Lenders whom offers these programs don't sell these loans, like the conventional and government loan programs.  Based on this information, then one will need to understand each will have their own guidelines.  These guidelines will typically be more restrictive in nature.


Most investors or Lenders won't provide Jumbo loans to borrowers with derogatory credit on their credit profile (or credit report).  There are a few out there that will lend, but will require any where between 5-7 years from the discharge of thier Bankruptcy; date of their foreclosure; or completed sale of their Short Sale.  Keep in mind, these Lenders will require absolutely clean credit since the derogatory filings (including on-time payments for their rent and other creditors).  Also, they will have stringent guidelines on the number of tradelines.

American Pacific Mortgage

Mike Bjork
Sr. Mortgage Planner
Corp NMLS #1850 | Originator NMLS #275652

Phone: 310.694.3544
Cell: 310.923.1884
Fax: 800.986.3155

100 Spectrum Center Drive, Suite 460 Irvine California, 92618


Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act

© 2015 American Pacific Mortgage Corporation. All information contained herein is for informational purposes only and, while every effort has been made to insure accuracy, no guarantee is expressed or implied. Any programs shown do not demonstrate all options or pricing structures. Rates, terms, programs and underwriting policies subject to change without notice. This is not an offer to extend credit or a commitment to lend. All loans subject to underwriting approval. Some products may not be available in all states and restrictions apply. Equal Housing Opportunity.

The views, articles, postings, and information listed at this website are personal and do not necessarily represent the opinion or the position of American Pacific Mortgage Corporation.

Member Login