Unconventional Mortgages and Loans (800) 718-8906

Unconventional Mortgages and Loans

Customer Service: (800) 718-8906

Prime and Non-Prime Bank Statement Options

Self-Employed Borrowers

Portfolio Direct Lender is a direct lender with their own portfolio of loan products and programs, and they make their own Non-QM and Non-Prime manual underwriting decisions. Some Portfolio lenders can also a bank that lend their own money as well as a portfolio they contribute to or commit to a pre-determined lender service term.

Credit Leniency and Underwriter Discretion

Major credit events only require 2 years seasoning. Mortgage lates OK not to exceed 3 x 60 x 24 (6-60 day lates, including “rolling lates”), within the previous 24-month time period. Or 3 x 30 x 12 (3-30 day lates, including “rolling lates”), within the most recent, previous 12-month time period. Never-the-less, borrowers are seen as people and people are considered individuals

Lender Solutions and Niche Loan Products

This loan program works well for borrower’s that fall outside the standard Non-QM box with credit scores as low as 600 and minimal tradelines required.

LTV% / Loan Amount / Credit Score | Matrix

90% LTV to $3,500,000 | 660 FICO

85% LTV to $2,500,000 | 640 FICO

80% LTV to $3,000,000 | 650 FICO

75% LTV to $3,500,000 | 680 FICO

70% LTV to $4,000,000 | 700 FICO

Bank Statement Documentation and Bank Statement Deposits

Business industry and business model can dictate your Expense Factor. Flexible “expense factor” (aka expense ratio) options for the bank statements both business and personal.

Cash Out to $1,500,000. Additional details below.

Bank Statement Income Documentation Options

12 Month Personal or Business Bank Statements

24 Month Personal or Business Bank Statements

“1099 Only Loans” for Sole Proprietors / Independent Contractors

Asset Based Feature for Additional Qualifying Income (Higher LTVs, Higher Loan Amounts)

Maximum Debt-to-Income Ratio’s (DTI)

55% to $2,000,000

50% to $2,500,000

43% to $3,000,000

38% to $3,500,000

Eligible Property Types:

Single Family Residence (SFR)

2-Unit – $2,500,000 Max Loan Amount

4-Unit – $2,000,000 Max Loan Amount

Eligible Occupancies:

Owner-Occupied/Primary Residence

Second Home to 85% LTV


Available Terms:

15 Year Fixed – Interest Only Allowed

30 Year Fixed Interest-Only Allowed

40 Year Fixed and Interest-Only Allowed

Additional Underwriting Highlights

Non-Occupant Co-Borrowers – Allowed

First Time Buyers OK

Non-Permanent Resident Aliens – OK

Loan Scenario Form – Credit Check Not Required

Available in the Following States:

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Oklahoma, Oregon, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington.

Alternative Income Documentation

Contact a Loan Officer

Non-Qualified Mortgage Lending

Alt Doc Purchase Loans

Alt Doc Refinance Loans

Category - Non-QM Lenders