Description

20-1037470

Instructors: Kay Carroll, Kelli Bryan, Ross Priddy, or Tim Sikes

2 Hour Class

Description: Mortgage lending can be tough! There are many different loan programs available to borrowers. How do you know what loan choice is best for your client? We will break down various portfolio loan products to help you better understand when they are a true benefit to clients.

Portfolio Loan Financing is another creative way banks, credit unions, and mortgage lenders have to aide borrowers to finance various mortgage loans. These loan offerings are classified as a Non-Conforming Conventional loan product. They do not typically conform to agency standards like Fannie Mae (FNMA) and FHA loans do. Most of these offerings have underwriting requirements that are set per lender. They are typically created to meet a need within a local market/community. Generally, these loans are held by that lender and serviced by them locally. Loan products that can be offered include No or Low-Down Payment, Bridge, Construction, and Specialty Loans such as Medical Professional or Land Loans.