Portfolio Loan

A portfolio loan is not for everybody. People are blown away when they find out that portfolio loans exist. Those that don’t typically qualify for loans are relieved to discover that they are treated like human beings. With dignity. Not treated like a number. The following are some of the many reasons why homeowners apply for this specific type of loan:

• If you recently filed for bankruptcy
• There was a recent foreclosure or short-sale
• Recent divorce that took a toll on your credit
• Self-employed borrowers who have been in business less than 2 years
• Foreign nationals with no credit established in the US
• Unique property circumstances
• Alternative to land contract
• Any unique scenario…

Portfolio Loan Is Like A Vehicle

A portfolio loan is a vehicle to help you accomplish your home ownership goals. It’s a temporary solution for temporary circumstances. Once you’re eligible for a more traditional loan… refinance into a more traditional loan (if it makes financial sense).

Keep in mind:

• Minimum 10% down
• No PMI
• No pre-payment penalty
• Income and assets must be verifiable

If you have been told you cannot get a mortgage because of a seemingly simple technicality, a portfolio loan may be a life changer for you.