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Portfolio Mortgage Lenders

A portfolio mortgage lender can be completely different than any other lender. All loan approvals are underwritten in-house seldomly require investor signature. A portfolio lender will identify a market niche and in-turn develop a portfolio of Qualified or Non-Qualified loan products specific and unique to the under-served market demographic with either a Qualified Mortgage (QM) loan program or a Non-Qualified Mortgage (Non-QM) loan program.

True Portfolio Lenders and Customized Financing Solutions

Manual underwriting allows the lender to look at each borrower as an individual, into a reasonable mortgage. Because these lenders will service the loan often for the life of the loan, they make their own rules and in the world of mortgage lending, that means their own underwriter guidelines. Fast Closing   xxxxxxxx  Fast closings in 30 days or less and pre-approvals done within 48 hours of complete submission.

QM, Non-QM, and Non-Prime Lenders

Underwriting Guideline exceptions and requirements are based on credit scores, Debt to Income ratio, equity position/loan to value ratio, occupancy, property type, and various variables and loan characteristics such as “credit event” seasoning.
Benefit to Borrow (tangible benefits):

Documentation type, Credit Depth and Seasoning, Borrower employment and business seasoning, Liquid asset sources, purchase seasoning.

-Property Acquisition for Self-Employed and Agency Fall-out

-Interest Rate Deduction

-Credit Card Debt Consolidation

-Disposable Income Increase

-Fixed Rate or Term Extension Rate and Term Refinance

-Cash Out Refinance for Business Expansion

Self-Employed Income Documentation Programs

-1099 Only (one year and two history verification)

-Asset Depletion loans (all qualifying as a stand-alone income or to supplement)

-One to Six Month Bank Statement Programs (1 month through 6 months)

-P&L Only

Self-Employed Verification of Employment (VOE) Options

-Borrower Prepared P&L

-CPA or equivalent

-Accountant/Tax Professional

Lite Doc and Reduced Doc Programs

-1 Year Tax Return – 1 Year

-Reduced Doc for W-2 for Wage Earning borrowers

Jumbo and Super Jumbo Loan Amounts

-Minimum: $300,000 to Maximum: $30,000,00

-Cash Out Limit – $16,500,000

Below are Underwriting Feature Guidelines

-1 Year VVOE Verbal Verification of Employment for W-2 Wage Earners

-1 Year Tax Return Calculation Allowed for Self-Employed Borrowers – 75% LTV

-LTV’s up to 85% allowed. We will allow a 2nd lien over 85% CLTV – Combined Loan-to-Value from another lender on a Case-by-Case basis

-LLC Closings Allowed Including Cash-Out.

-No Cash Out Limits. Unlimited Cash-Out/Cash in Hand up to $4,000,000 Max Loan Amount and No Title Seasoning Requirements

-Non-Occupant Co-Borrower Allowed on Rate/Term Refinance

-Cash out refi, second homes, and purchases with true blended ratios

  • Cash out can be counted towards reserves or added to the asset depletion calculator

-Cross Collateral and Bridge Financing

-Departing Residence Solutions – Exclude Departing Residence Housing Expense to be Sold / Not yet in Contract to make it easier to DTI Qualify

-Pledged Asset Lending

-Business funds allowed for down payment and reserves

-Gift funds allowed for down payment and reserves, even on investment properties

-Investor-friendly underwriting (abbreviated schedule e calculations for 5 + properties)

-Boarder and VRBO / Airbnb income allowed

-Vesting in entities, many different trust situations, privacy mortgages

-Combine all of our programs

Asset Depletion and Debt-to-Income (DTI) Flexibility

-Restricted Stock Units. Stock option income. RSU’s, Stock Options, Stock Grants may be used as income and the vested stock can be used as an asset.

-Exclude the PITI on a primary residence listed for sale with 25% equity.

-Removal of alimony AND child support from the income vs. adding as liability.

Eligible Property Types

-SFR (attached and detached)

-2 Unit

-4 Unit

-Non-Warrantable Condos, Condotels, Co-ops

Eligible Borrowers

-Foreign Nationals and Work Visa Borrowers with no US Credit or Tax Returns – No credit – OK

-Visa’s – Work and Student visas, EAD

Available Terms

-ARM and Fixed Rates Available

-Interest-Only Available on 40 Year Fixed

Mortgage Pre-Qualification Form – No Credit Check
 

Contact a Loan Officer

Purchase Loans

Refinance Loans

Second Mortgages

Programs by Category

Construction Loans

Current

Investment Property Loans

Investor Loans

Jumbo Bank Statement Mortgages

Hard Money Loans

Credit Education

Alt Doc | Purchase Loans

Niche Hard Money Loans

Niche Loan Programs

Niche Loans

Non-Prime Mortgages

Non-QM Lending

One Month Bank Statement Mortgage

Category Purchase

Non-Prime Mortgages

Non-Prime Mortgages