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Portfolio Loan

Our Portfolio loans offer an alternative when circumstances restrict your ability to get a conventional mortgage loan.

Call us 855-921-4921 

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.

If you have circumstances that don't allow you to qualify for a conventional home loan, like a foreclosure, recent bankruptcy, or credit issues, a portfolio loan from NASB may be the solution. Our portfolio loans offer an alternative for qualifying requirements, looking at the entire picture of your income and assets. We have two portfolio loans to choose from, our Portfolio 1 and Portfolio 2, each with different considerations to match your situation.

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Portfolio Loan Guidelines and Requirements

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

Portfolio 1 Loan: 

  • Loan amounts up to $550,000 with higher limits considered upon qualification
  • $200,000 minimum loan amount
  • 20% down payment, or as low as 5% with mortgage insurance
  • Gift funds allowed up to 20%, no borrower contribution required
  • Debt-to-income ratio up to 48% 
  • Two-year seasoning required on bankruptcy, four years on short sale or foreclosure
Portfolio 2 Loan:
  • Loan amounts up to $550,000 with higher limits considered upon qualification
  • $200,000 minimum loan amount
  • 25% down payment, or as low as 5% with mortgage insurance
  • Gift funds allowed with 5% borrower contribution to the transaction
  • Debt-to-income ratio up to 45% 
  • Two-year seasoning required on bankruptcy, three years on short sale or foreclosure

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.

What Our Customers Say
Mohit M., May 25, 2021
★★★★★ (5)

"NASB always makes it easy and transparent to work with them. I know upfront what to expect - they're clear in their communication and keep their word. This was my third interaction with them and it's a fantastic experience working with the NASB team."

What is a Portfolio Loan?

In this NASB Now video, we explain what a portfolio loan is, the different types of portfolio loans, and who can benefit from seeking this type of loan.

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Local banking. National lending.

30 billion dollars in home loans

In the last decade based on lender data

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Based on lender data

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