19 Oct Our Portfolio Select Loan Helps Those Who Just Miss Prime Guidelines
Do you have a homebuyer who isn’t exactly sure if they qualify for a traditional loan that meets the guidelines set by Fannie Mae and Freddie Mac? Have them call us! We can let them know if they meet the requirements and if not, we have loan options that might help them.
One of our loan products is a full doc mortgage called Portfolio Select. This loan is for homebuyers who just miss qualifying for a Prime loan. The key is to have your client contact us early in the process. Our advisory approach and ability to match the right loan to their circumstances will instill the confidence they need to move forward with a home purchase.
Highlights of Portfolio Select:
- Loans up to $2.5 million
- Up to 85% loan to value with no mortgage insurance
- Available for purchase and cash-out or rate-term refinance