What are 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

• Residential Properties:
  – Primary Residence, Second Home, or Investment Properties
  – Single Family, Multifamily up to 8 units, and Condominium

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.

requirements

• Established credit history and verifiable business income in the USA
• Past experience owning or managing real estate in the USA

who can apply?

• Domestic Clients: USA Citizens, Green Card holders

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.