The
following page contains available Real Estate Loan Programs. Please
review the appropriate loan program for your financing needs then
proceed to theapplication page. For residential real estate property
loans, simply visit us at our Residential Real Estate Loan
Application and for a commercial
property, you can visit us at our commercial application
Commercial Real Estate
Application page to qualify for a
loan.
Commercial Real Estate Loan
Programs
Gulfstream Finance Corporation offers
loan programs for commercial real estate loans. Commercial
properties include: office, industrial, mini-storage, retail, hotels
and healthcare facility. As a direct correspondent Lender to several
lending institutions, our clients benefit by receiving direct
pricing from each capital source. Loan amounts start from $250,000
to $100,000,000.
Up to 80% LTV
Loans from $250,000 to
$100+ million
Floating rate interest
only, acquisition/repositioning/rehab loans - 1,3, 5 10, 15,
20 year terms may be
available.
Fixed rate - 5, 7,10, 15
and 20 year terms - amortized over 25 or 30 years
Recourse and
non-recourse
Other programs may be
available on a case-by-case basis.
Residential Real Estate Loan Programs
·
FOREIGN NATIONAL
PROGRAM
This loan
program allows an non US citizen to qualify for a mortgage home loan in the
United States. The requirements for this type
of loan may be as
follows:
- In
United
States legally (passport or work
visa)
- Several Recommendation Letters from your
country.
- 30% Minimum Down Payment
- 35% Down Payment NO PROOF OF FUNDS
required.
- You do NOT need a social security number,
green card, U.S. work history, or credit
history.
- No Documentation, No Credit
Report
- No Income Verification (Stated - Not
Verified)
- No Asset Verification (Stated - Not
Verified)
• 107%
refinance
This loan program allows you
to refinance up to 107% of the value of your home. You can include
closing costs.
• 100%
no income verification
This loan program is
specifically suitable for self-employed borrowers whereby no income
verification is required. You may finance up to 100% on the value of
the home.
• 100%
or 125% refinance debt consolidation or home
improvement
This loan program allows you
to refinance up to 100% or 125% of the value of your home to pay off
your debt or home improvements.
• Less
than Perfect Credit Home Loans
This loan program is for
individuals that have less than perfect credit and may be looking to
clean up their credit.
• 95%
investment property, no income verification (1-4
units)
This loan program allows you
to finance up to 95% of an investment program without the need for
income verification.
· 15,
30 or 40 Year Fixed Rate
This loan
carries a fixed rate and payment for 15, 30 or 40 years
accordingly.
· Adjustable Rate
Mortgage (ARM)
This loan
offers a super-low introductory rate and payment. The interest rate
adjusts monthly, but the payments are based on the introductory rate
for the first year.
· 5
Year Balloon
This loan
has a fixed rate and payment for the first 3, 5 or 7 years.
After that, the remaining balance owed is due in the form of a
balloon payment.
· 3/1 ARM or 5/1
ARM
This loan
has a fixed rate and payment for the first 3 or years. After that,
the rate and payment adjusts annually. 5/1
ARM
· LIBOR RATES
(London Interbank Offered Rates): 2/6 LIBOR ARM, 3/6 LIBOR, 5/6
LIBOR, 7/6 LIBOR or 10/6 LIBOR
This loan
has a fixed rate and payment for the first 2, 3, 5, 7 or
10 years. After that, the rate and payment adjusts every 6
months.
· Home Equity
Line of Credit (HELOC 10/10)
This is a
line of credit that is secured as a second mortgage, or in some
cases a first mortgage, on your property.
· Fixed
30/15
This
product is available for second mortgages also referred to as home
equity loans. This loan offers a fixed rate.
· Interest Only
7/6 LIBOR ARM or 10/6 LIBOR
ARM
The loan
has a rate that is based on the LIBOR (London Interbank Offered
Rates) index. It is fixed for the first 7 or 10 years, then converts
to adjustable rate loan, changing every 6 months for the remaining
loan term.
· Interest Only
3/1 Treasury ARM or 5/1 Treasury
ARM
The loan
has a rate that is tied to the monthly average of Treasury
securities index with a constant maturity of one year as published
in The Wall Street Journal. It is fixed for the first 3 or 5 years,
and then converts to adjustable rate loan, changing every 12 months
for remainder of the loan term.
