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Portfolio Lender Home Loans

A portfolio mortgage lender offers customizable financing solutions that set it apart from conventional lenders. With in-house underwriting processes, loan approvals rarely necessitate investor signatures. 

Customized Solutions Service

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 closings 7-10 days

Exception-Based Lending

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):

  • Property Acquisition for Self-Employed and Agency Fall-out
  • Interest Rate Reduction
  • Term Reduction
  • 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

  • Reduced Doc - 1 Year Employment
  • Lite Doc - 1 Year Tax Return or W-2

Jumbo and Super Jumbo Loans

  • $300,000 to $30,000,00
  • Cash Out Limit - $16,500,000

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% and CLTV Allowed
  • 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 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​

  • Vested stock can be used as an asset​
  • Stock option income. Restricted Stock Units (RSU's), Options, Grants may be used as income ​
  • 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:

  • Single Family Residence (SFR)
  • 2 Unit
  • 4 Unit
  • Non-Warrantable Condos, Condotels, Co-ops

Eligible Borrowers:

  • Foreign Nationals Borrowers without United States Credit or Tax Returns OK
  • Visa's - Work and Student visas, EAD

Available Terms:

  • ARM and Fixed Rates Available
  • Interest-Only Available on 40 Year Fixed

Available in the Following States:

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Mississippi, Missouri, Nevada, New Jersey, New Mexico, North Carolina, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, and Wisconsin.

Alternative Income Documentation

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