Residential Properties:
– Primary Residence, Second Home, or Investment Properties
– Single Family, Multifamily up to 8 units, and Condominium
Portfolio Loans
A portfolio loan is a mortgage issued by a bank that keeps the loan on its balance sheet rather than selling it. When issuing a portfolio loan, a lender doesn't necessarily have to follow the exact conforming loan eligibility requirements as it does with conventional loans and other traditional government-sponsored products. Therefore, lenders can offer more options and flexibility to certain borrowers.
Types of Properties
Program Details
- Qualify using non-traditional income verification, such as business or personal bank statements (Bank Statements), market rental income (DSCR) from the subject property, and savings accounts with ample assets (asset depletion).
Non-traditional properties such as non-warrantable condominiums, condo hotels, and multifamily greater than 4 units are acceptable.
Three aspects to consider for your loan.
01.
Requirements
– Established credit history and verifiable income received in the USA.
– Minimum downpayment of 15%
– History of real estate ownership
– Minimum reserves of 6-12 months of mortgage payments
02.
Who Can Apply?
Domestic Clients: USA Citizens, Green Card holders, Political Asylum holders, TPS, DACAS, L1, E1, E2.
03.
What Interest Rates apply?
Rates are subject to market change and depend on the borrower’s profile and loan parameters such as loan amount, loan program, and type of property
01.
Select the loan amount and repayment period
02.
Telephone verification of the application
03.
Withdrawal of funds to your bank account
Contact us
Apply Now or Get pre-approved now
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