Why Portfolio Mortgage Products?Portfolio loans may be held by our parent company (Home Mortgage Alliance Corporation – HMAC) , which allows us greater freedom to analyze unique situations and potentially offer loans to borrowers who otherwise may not qualify for another type of loan. This product really does make dreams come true!
To discuss portfolio loans with one of our knowledgeable loan officers, contact Equity One Lending today!
How Does a Portfolio Loan Work?Because portfolio loans are not sold to Fannie Mae, Freddie Mac, or any of the government entities, we are free as a bank-owned company to establish our own set of guidelines and requirements for loans held in-house. If you are denied for a loan somewhere else but have good credit and believe you are a strong candidate for a mortgage, asking about our portfolio loan program is the smart thing to do. Buying your dream home takes patience, persistence, and a careful eye, and we are here to help make that dream come true!
Are There Any Fees Associated With a Portfolio Loan?
Yes – we charge a 1% origination fee and standard closing costs on all portfolio loans, both of which are payable at closing.