What is a portfolio loan?
Answered by Onias Derilus, Mortgage Capital · NMLS# 1859012 · Florida licensed mortgage broker
A portfolio loan is one the lender keeps on its own books rather than selling to Fannie Mae or Freddie Mac. Freed from agency rules, the lender sets flexible guidelines for unique borrowers and properties.
They're useful for jumbo borrowers, complex self-employed income, or unusual Florida properties that don't fit standard boxes. Terms vary by lender. We'll find the portfolio product that matches your situation.
Held by the lender
A portfolio loan is a mortgage the lender keeps on its own books instead of selling to Fannie Mae or Freddie Mac. Because the lender holds the risk, it can set its own flexible rules.
That flexibility helps buyers who fall outside standard guidelines, like the self-employed, investors, or those with unique properties.
When it helps
Portfolio loans can allow higher loan amounts, alternative income proof, or exceptions a conventional loan cannot make. The trade-off is often a higher rate or larger down payment.
If a standard loan turned you away, a portfolio loan may say yes. Apply now and we will check whether one fits your goals.