Portfolio Loan

Our portfolio loan offers an alternative when circumstances restrict your ability to get a conventional mortgage loan.

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Portfolio Loans
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Key Features

We look at all income streams for qualification

Common sense underwriting

Less restrictive credit guidelines


When traditional mortgage financing is not an option.

When conventional mortgage options aren’t available, a portfolio loan from North American Savings Bank (NASB) can offer the flexibility you need. Whether recovering from a foreclosure, recent bankruptcy, or facing credit challenges, NASB’s portfolio loans consider your full financial picture—including income, assets, and potential—not just your credit score. Discover a smarter path to homeownership with a customized lending solution.

This loan may be ideal for borrowers who:

  • Are self-employed with non-traditional income documentation
  • Have experienced a recent foreclosure, short sale, or bankruptcy
  • Have credit issues that prevent qualification for a conventional loan
  • Own multiple properties or investment real estate
  • Are real estate investors seeking alternative financing
  • Need higher debt-to-income flexibility
  • Have significant assets but limited reportable income

Advantages of a Portfolio Loan from NASB:

  • Flexible underwriting based on total financial profile
  • No strict credit score minimums
  • Alternative income documentation is accepted
  • No prepayment penalties
  • Loan options for primary residences, second homes, and investment properties
  • Competitive interest rates and customized terms
  • In-house underwriting, processing, and closing for a streamlined experience
  • Personalized lending support from start to finish- we do not broker your loan

What Our Customers Say
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Video - How to Get a Home Loan if You're Self-Employed

Watch this video to find out the two ways you can get a portfolio mortgage loan if you're self-employed without W2s or pay stubs.



Portfolio Loan FAQs

A portfolio loan is a loan that a lender will keep in their portfolio, instead of selling to the secondary market.  A primary reason that these lenders keep the loans in their portfolio is to provide a lending option to those who may not fit secondary market eligibility guidelines and to help the local community. It’s part of their mission and purpose.
When borrowers who do not meet the criteria required for a conventional mortgage loan, such as those sold to Fannie Mae or Freddie Mac, a portfolio loan can be a more flexible option. Lenders offer these so that borrowers can get a loan, even though they may be self-employed, have a low credit score or have gone through a bankruptcy. These loans must be held and serviced by the lenders, as they cannot be sold in the secondary market.

Portfolio loan lenders like NASB will dig deep to find out about what caused your economic issues and what you’ve done to recover from it. This allows borrowers with blemishes on their financial history to have a chance at owning a home. Other situations that make a portfolio loan a good option include:

  • Self-employed borrowers.
  • Foreign nationals.
  • Borrowers with high income, low credit.
  • Borrowers without documented income but high net worth.

Because portfolio loans do not have to meet GSE (Government-Sponsored Enterprise) guidelines, the requirements for portfolio loans vary from lender to lender. The lender is assuming the risk, so they set the qualifications. Generally, if a borrower can show they have the ability to pay back the loan, can make a down payment, and has a FICO score and debt-to-income ratio above a certain threshold, they may qualify for a portfolio loan.


A minimum loan amount of $175,000 is required to apply. Exceptions include mortgage products for properties located within the Greater Kansas City metro and surrounding areas. Contact a NASB Loan Officer for details on the excluded areas and/or zip codes.



Portfolio Loan Guidelines and Requirements

To qualify for our portfolio loan, here are some of the requirements and guidelines to consider:

  • Loan amounts up to $1,250,000 with higher limits considered upon qualification
  • 20% down payment 
  • Gift funds are allowed up to 20%; no borrower contribution is required
  • Debt-to-income ratio up to 50% 
  • Two-year seasoning is required on bankruptcy, four years on short sale or foreclosure

  • A minimum loan amount of $175,000 is required to apply*



Apply now
Have questions?

Portfolio Loan Blogs


Is a Portfolio Loan right for me

 

Is a Portfolio Loan Right for Me?

 

How Do Portfolio Loans Work

 

How Do Portfolio Loans Work?

 

What are the Advantages of a portfolio loan

 

What are the Advantages of a Portfolio Loan?

 

*Minimum loan amount of $175,000 required to apply. Exceptions include mortgage products for properties located within the Greater Kansas City metro and surrounding areas. Contact a NASB Loan Officer for more details on the specific areas and/or zip codes excluded.