Portfolio Loan: Flexible Mortgage Options Held and Serviced by the Lender
Quick Facts
- Lender keeps the loan in-house
- Flexible credit and income guidelines
- Ideal for unique or complex situations
- Works for primary, second, or investment homes
- Purchase or refinance options available
What Is a Portfolio Loan?
A Portfolio Loan is a mortgage that the lender keeps in-house instead of selling to Fannie Mae, Freddie Mac, or other investors. Because the lender sets its own guidelines, this program offers flexible options for borrowers with unique financial situations or non-standard properties.
Portfolio Loan Benefits
- Flexible credit, income, and asset requirements
- Works for unique or complex borrower profiles
- Ideal for non-standard or mixed-use properties
- Available for primary, second, or investment homes
- Purchase or refinance options available
Portfolio Loan Eligibility Requirements
- Acceptable credit profile (flexible by lender)
- Stable income or alternative documentation
- Adequate reserves (varies by lender)
- Property must meet lender-specific guidelines
- Full underwriting review required
How a Portfolio Loan Works
Portfolio Loans are kept and serviced by the lender, allowing more flexible qualification standards. Borrowers complete income, credit, and asset verification, and lenders evaluate the overall financial picture rather than strict agency rules.
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