Portfolio Loan Programs

Portfolio loan programs are mortgage loans that are held by the lender rather than being sold to government-sponsored entities or secondary markets. As a result, portfolio loan programs are often more flexible in their underwriting guidelines and can offer a wider range of loan options than traditional mortgage programs.

These loans are typically provided by community banks or credit unions, as they are more likely to keep the loans on their books. Portfolio loans can be used to finance a variety of properties, including investment properties, unique properties, or for borrowers who don't qualify for traditional mortgage programs.

Portfolio loans can be fixed or adjustable-rate, and borrowers can expect to pay higher interest rates and fees than traditional mortgage programs due to the increased risk for the lender. However, portfolio loans can also offer more flexibility with terms and eligibility requirements.