1. Florida Community Bank
Cross-Collateralization Portfolio Program
 Do you have a buyer relocating to Florida?
 Do you have a buyer wanting to do a Construction Loan?
 Do you have a buyer that is interested in a new home, but needs to sell
their existing home first?
 Do you have a listing, and want to appeal to a larger pool of buyers?
If you answered “YES” to any of the above questions then you may want to get more
info on this Portfolio Loan product from FCB.
 FCB will Cross Collateral 80% of the combined total of your new home (house and lot)
and the value of your existing home
 We deduct the amount you currently owe on your existing home from the Cross
Collateral Total. This is the amount left of your cross collateral funds.
Example:
 New Home- 1,000,0000 + Value of Existing Home—500,000 = 1,500,000
 We take 80% of the total of the two homes- 1,200,000 subtract any lien on
existing home 200,000.
 The price of your new home is 1,000,000. You are financing 80% of that
amount which is 800,000. We deduct that from your Cross Collateral Funds of
200,000.
 You are left with only bringing closing costs to closing.
 The rate on the cross collateral loan mirrors the product and rate on the new home.
 The departing home doesn’t have to be listed at the time of application or closing.
If there is an issue with debt to income ratios, please ask about our Debt Ratio Saver plan. If
you have ratios that are out of compliance, we may be able to help.
Robert Cleland
Mortgage Loan Officer
Florida Community Bank N.A.
369 N. New York Ave
P: 407.492.2697
NMLS#603215