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Wholesale Lenders Licensed in Puerto Rico
Mortgage brokers who are looking for doing business in Puerto Rico and thinking of getting licensed may have a hard time finding wholesale residential mortgage lenders who are able to originate and fund loans in Puerto Rico. If you are a mortgage broker looking for a five-star wholesale mortgage investor who is licensed to do government and conventional loans in Puerto Rico, contact Christian Sorenson of Equity Prime Mortgage, commonly known as EPM Mortgage. EPM is the wholesale lender of choice at Gustan Cho Associates. Over 80% of our borrowers are folks who could not qualify at other lenders and the first choice we take our borrowers to is to Equity Prime Mortgage. Christian Sorenson is our top account executive not just at EPM Mortgage but the best wholesale account executive who the team at GCA Mortgage Group worked with. He is always available, is knowledgeable, and always goes above and beyond than any other wholesale account representative anyone at Team GCA Mortgage ever worked with. Give Christian Sorenson a shout. You will not be disappointed.
Here is a link to a comprehensive guide about buying a house in Puerto Rico published on FHA Bad Credit Lenders, a subsidiary of GCA Mortgage Group and Gustan Cho Associates:
https://fhabadcreditlenders.com/buying-a-house-in-puerto-rico/
fhabadcreditlenders.com
Guide To Buying a House in Puerto Rico
Compared to many other U.S. states, home prices and property taxes in Puerto Rico is low making buying a house in Puerto Rico more affordable.
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4 Replies
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So what is different about buying a house in Puerto Rico 🇵🇷 than in the mainland United States?
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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.
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Puerto Rico is beautiful. At least near the beach or waterfront properties. There are many tourist who vacation for the first time and the next thing they know is they want to buy a second home or move there permanently due to no federal taxes. The commonwealth of Puerto Rico does not have federal income taxes and is agreat desination spot for high earners from mainland United States.
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Non-qm Mortgage Lenders are not doing business in Puerto Rico yet. We do government and conventional loans.