What Are Portfolio Loans?
Fannie Mae and Freddie Mac are agencies of the government that write the guidelines for conventional mortgages. They are also the largest investors in these loans which they buy from other lenders, as they themselves do not originate loans directly. All conventional loans must meet the guidelines and loan requirements of Fannie or Freddie, regardless of the originating lender. FHA, VA, and USDA are other government agency loan programs. Conventional (also known as conforming) and agency loans generally have the best rates, terms, and lowest costs. However, these programs do not fit the unique needs of every buyer, borrower, and loan scenario.
Sometimes borrowers do not qualify or have other financing needs that cannot be met with conforming loan programs. Portfolio loans are funded by non-government institutions and are not subject to the same strickt requirements as the loans purchased by Fannie Mae, Freddie Mac, or government agencies. Portfolio loans and non-conforming programs offer a wide range of mortgage options outside those requirements. These programs are great solutions for borrowers or scenarios which do not qualify for conventional. Portfolio loans from JZ Mortgage Services, Inc provide great option and solutions for borrowers throughout Bradenton, Sarasota, Tampa, St. Petersburg, Clearwater and all of the great states of Florida & Michigan. Many of our investor loan programs are available in the majority of states.
Conforming loans as of 2025 have a maximum loan limit of $803,500 for a Single Family Home or higher for 2-4 unit properties. There are some very few high-cost counties which allow higher loan limits. While Conventional & FHA loans have maximum loan limits, Jumbo Mortgages provide great options for higher loan amounts. JZ Mortgage Services, Inc works with dozens of Jumbo lenders to provide competitive rates and flexible options. We have Jumbo programs availible up to 95% LTV loan to value!
It is particularly difficult for self employed borrowers to qualify for conventional loans. Bank Statement only programs are an excellent solution for self employed borrowers and do not require any tax returns or IRS verifications.
Who Can Use A Portfolio Loan?
Portfolio loans can be a great option for anyone outside the realm of conventional guidelines. Some people do not have excellent credit or for any reason are not able to qualify for a conforming loan. Some individuals who have had a bankruptcy, short sale, foreclosure, or mortgage lates which may not meet conforming requirements. Portfolio lenders write their own guidelines and offer programs for many of these situations. This type of flexibility is not always available with conforming or government-backed loans.
Buyers interested in investment properties can also take advantage of “Investor Special” portfolio loans. Many traditional mortgage loans are available only if a buyer will be occupying the home as their primary residence. Portfolio loans can be a valuable option in these situations. We have investor friendly programs with limited documentation, no tax returns needed, and no debt ratio requirements.
Portfolio Loan Programs from JZ Mortgage Services, Inc:
- Portfolio Loans up to $10,000,000
- 95% LTV (Loan to Value) Jumbo
- 90% LTV Bank Statements Only
- 90% LTV Asset Only Qualification
- 75% LTV Primary Residence with NO Income
- 85% LTV Investor Loans with NO Income
- Conventional Fall Out / Near Miss
- Full doc / Alt doc / No doc / Stated Income
- Renovation loans / Fix & Flip
- Bridge Loans & Short Term Financing
- Investor LOC / Line of Credit / Fix & Flip
- No seasoning programs for foreclosures, short sale, & bankruptcy
- Entity vesting allowed (LLC, Corporations, Trust)
- Self-employed & Business Owners
- Foreign Nationals & ITIN
- 1-4 Units, Condos, Manufactured Homes, Investment Properties
- Commercial, Residential & Mixed-Use Properties
- Multi-Family & Apartment Buildings up to 50+ Units
- Non-Warrantable Condos including Condo-Tel's
- Fixed Rates, Adjustable Rates, and Interest Only options
- Credit Scores as low as 500
Whether you’re searching for your Florida dream home or looking to purchase an investment property, a portfolio loan may be the right choice for your needs. JZ Mortgage Services, Inc provides excellent portfolio loan options to borrowers throughout Bradenton, Sarasota, Tampa, St. Petersburg, and all of Florida, Michigan, or any other state. Many of our investor programs are available in the majority of US states. To find out more about our portfolio mortgage loan options, Contact us Today!
