Portfolio Loan

A Portfolio loan is a great option for well-qualified borrowers that do not meet traditional guidelines. Rates are slightly higher than with Conventional financing, so clients often stay in these loans for a couple of years then refinance into a Conventional loan. Some examples of those that would benefit from Portfolio loans are:download


  • Self-Employed less than 2 years
  • Professional athlete on a rookie contract
  • Equity in other property used as collateral for new purchase
  • Borrower with a loss carry forward on their tax returns
  • Condo investment property cash-out
  • Recent short sale, foreclosure or bankruptcy


Primary Residence & Second Home Portfolio Loans:


  • Minimum 10% down payment
  • Minimum FICO (640 Experian)
  • Loan sizes $100,00 to $3,000,000
  • 30 Year Fixed Rate and no Pre-Payment Penalty


Investment Property Portfolio Loans:


  • Minimum 25% down payment
  • Minimum FICO (620 Experian)
  • Loan sizes $100,000 to $2,000,000
  • 20 Year Term with no Balloon and no Pre-Payment Penalty
  • Title can be held in a Business or Individual name


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