Unique circumstances? Past credit issues? A portfolio loan might be the solution for your mortgage lending needs.
Portfolio loans are for those borrowers who aren’t eligible for a typical loan such as a conventional or FHA loan due to past major credit issues that have not expired, or other unique financial circumstances, but who are in a good financial position to purchase a home.
Because our portfolio loans are funded and serviced by First Bank, we are able to use a common-sense approach to your mortgage. This allows for more flexibility on loan terms and guidelines for people with special circumstances. On top of that, we will be your primary contact throughout the lifespan of your loan.¹
If you’ve had a bankruptcy or a foreclosure that prevents you from meeting conventional guidelines, or are self-employed but haven’t been working long enough to provide two years of tax returns, a portfolio loan may be the right fit for you.
Portfolio loans are reviewed and approved on a case by case basis.