[Gustan Cho]

Non-qm Mortgage Lenders are not doing business in Puerto Rico yet. We do government and conventional loans.

[Gustan Cho]

Cameron. Can lisa sell investment property non-qm loans for you guys as an independent contractor? Lisa is a realtor owner and Developer and knows a lot of people.

[Gustan Cho]

On the phone on with Felix Nicolas III now. Will call you shortly Cameron LeClair the man 👨

[Gustan Cho]

Hello. Do you guys do FHA TITLE I LOANS and second mortgage loans. Have dealer volume for solar panels

[Gustan Cho]

There are 9 community property states.

[Gustan Cho]

We do have two other down payment assistance mortgage programs that debt to income ratio goes up to 46.9% front end and 56.9 back end. The down payment assistance funds is not forgivable and needs to get paid once you refinance or sell the house. They are all FHA loans.

[Gustan Cho]

We can shop this file with various commercial lenders for the best rate and terms because every lender will have the DSCR factor different from each other. We need to see what type of deal is in the best interest of the borrower.

[Gustan Cho]

Felix, contact Cameron LeClair of The Lender. He told me he does investment building including apartment building over 4 units. Let’s price out this borrower on the six unit. Send all docs to Cameron the Man and we will see what he comes up with. Thanks.

[Gustan Cho]

Puerto Rico has different rules for home purchase. Normally, you need to hire a lawyer licensed in the commonwealth of Puerto Rico. Closing costs is on the average $5,000 higher than the average home closing costs in the United States mainland. As it stands, we are still aggressively looking for additional wholesale mortgage lenders on FHA, VA, USDA, and conventional loans. and non-QM loans as well as business and commercial loans.