Portfolio Loans

Portfolio Loan Programs

Portfolio Loan Programs are Option for Non-Conforming Loans

I offer FHA insured mortgage loans, VA mortgage loans, Conventional mortgage loans, Reverse mortgage loans, and adjustable rate mortgages.  I also specialize in bad credit mortgage loans for mortgage loan borrowers who have had prior bad credit.  For those who have credit scores under 600 FICO, I am able to secure them a FHA insured mortgage loan at competitive mortgage rates.  For mortgage loan borrowers who have credit scores between 530 FICO and 580 FICO, I can approve them for a mortgage loan with a 10% down payment.  For those mortgage loan borrowers with credit scores over 580 FICO,  the minimum down payment required is 3.5% down.

Portfolio Loan Programs Offered: 2015 Portfolio Program Update

A good percentage of my mortgage business is portfolio loan programs.  Below are the portfolio loan programs that I can offer to portfolio loan borrowers:

  • ·        Jumbo Portolio Loan Programs: Adjustable rate mortgages up to to $ 3 Million with a credit score of 680 FICO score (over $ 3 Million Jumbo Loans are underwritten by exception) in all 50 states with no restricted markets.
  • ·        Non-Warrantable Condos to 80% LTV with virtually no restrictions – can lend on the 1st unit sold (leaseholds okay)
  • ·        Condo-Tels & Co-ops eligible (leaseholds okay)
  • ·        Cash-out refinance to $ 1 Million Cash In Hand without seasoning  requirements (owned less than 6 months okay)
  • ·        ExPatriot Portfolio Loan Program offers financing to 80% LTV for foreign Citizens working in US on Employment Visa w/ no SSN, TIN or US Credit
  • ·        Primary Residences & 2nd Homes – Income Producing 2nd Homes Okay (investment properties considered case-by-case at max 50% LTV)
  • ·        Acreage Okay – over 10 acres permitted, even if income producing
  • ·        Unique properties allowed with reasonable comps
  • ·        Asset based Underwriting for Borrowers age 59 ½ and older
  • ·        Arbitrary bonus income often permitted for Borrowers starting a new job, in same line of work, with a detailed compensation plan/letter      
  • ·        90% CLTV for SFR, Primary Residence refinances when 2nd is subordinated, up to combined loan amount of $ 1,500,000
  • ·        Number of financed properties is not capped, but reserve requirements apply to each property owned.

Private Money Loans and Hard Money Loans

Gustan Cho Associates now offers Private Money Loans and Hard Money Loans to real estate investors and consumers. Please contact Vince Liguori, Chief Operating Officer of the Private Lending Division of Gustan Cho Associates at 847-561-0217.  Private Money Loans and Hard Money Loans are ideal loan programs for real estate investors, property flippers, and those needing short term bridge loans.

Please keep us in mind – I’ll be available if you have any questions or would like to discuss a loan scenario.  Please contact me at 262-716-8151 or email me at gcho@gustancho.com or visit us at www.gustancho.com if you have any questions.

Gustan Cho NMLS ID 873293

Related> Private Money Lending

Related> Private Money Lending for Real Estate Investors

Related> Hard Money and Private Money Loans

The information contained on Gustan Cho Associates website is for informational purposes only and is not an advertisement for products offered by The Gustan Cho Team @ Gustan Cho Associates or its affiliates. The views and opinions expressed herein are those of the author and/or guest writers of Gustan Cho Associates Mortgage & Real Estate Information Resource Center website and do not reflect the policy of Gustan Cho Associates Lenders Network, its officers, subsidiaries, parent, or affiliates.

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