MILWAUKEE (PRWEB) January 22, 2020
GSF Mortgage Corporation (GSF) expands its portfolio of Single Close Construction loans to now include Jumbo Loans.
Jumbo loans can exceed typical conforming loan restrictions, giving borrowers more options when looking to build a home. Borrowers will not have to go through the process of needing two separate loans with a Single Close Construction Jumbo loan. This means there is no re-qualification or second closing at completion, saving them time and money.
“Successfully bringing this product to market is part of our desire to be the number one Single Close Construction company in the Country,” said GSF President Chad Jampedro. “Currently, we are the only lender offering the full suite of Single Close Construction products under one roof.”
Details around the Single Close Construction Jumbo Loan:
- Max loan amount up to $1,350000 and $1,500,000 for non-high cost areas, respectively (maximum loan amount is subject to LTV and FICO score restrictions)
- Available for primary residences and second homes
- Eighteen month maximum build time
- 5/1 ARM or 7/1 ARM permanent product with 4% base rate locked up front (permanent rate is subject to FICO score, DTI, and occupancy adjustments)
- Only available for Wholesale and Non-Delegated Correspondent delivery
GSF’s foundation and core values are built around delivering the best products, turn times and service levels in the CTP space, and is led by a team of experts that have over 100 years of combined CTP experience.
About GSF Mortgage Corporation
GSF Mortgage Corporation is an established and experienced direct mortgage lender with 25 years of lending experience. We continue to serve the next generation of homeowners by designing and maintaining a solution based and efficient Mortgage process. We pride ourselves on consistency and integrity, which is why the average tenure of a GSF employee is more than 10 years. With over 40 locations nationwide, our team continues to grow and thrive. Interested in finding out more about us? Visit us at GoGSF.com and check out our available career opportunities.