FBC Mortgage launches joint venture with Florida homebuilder

FBC Mortgage and Park Square Homes have launched PSH Mortgage, a joint venture that offers in-house mortgage services for Park Square buyers.

The joint venture will offer an array of mortgage products in every area of residential lending from purchasing to refinancing to construction lending. Park Square Homes is a residential and vacation homebuilder based in Central Florida.

"PSH Mortgage was created to offer homebuyers the best lending programs and rates on the market. By combining our sales and mortgage teams, we're able to provide fast and consistent service to all our clients," said Vishaal Gupta, Park Square Homes executive vice president.

Buyers through PSH Mortgage will have access to FBC’s online approval application, Simpleloan.com, which generates an automated underwriting system approval in approximately 12 minutes. Additionally, the joint venture offers homebuyers online resources such as mortgage calculators, loan program guides, and homeownership education tools.

"We are very excited to partner with one of Central Florida's largest privately owned builders. Utilizing FBC's technology and management team will help provide both competitive mortgage products and pricing for Park Square customers," FBC co-CEO Joe Nunziata said.


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