The Portfolio Lender Definition
Portfolio lenders follow fewer restrictions than traditional conventional mortgage lenders, making this sort of borrowing more accessible to more borrowers, particularly real estate investors, and self-employed individuals.
Portfolio lenders typically make loans with their own money, whereas conventional lenders make loans with other people's money. This is why they have less stringent rules.
Portfolio lenders are still banks, but they don't advertise themselves as such, making it impossible to tell which banks are portfolio lenders.
You can find them through referrals and conversations with other local investors. The simplest method is to just pick up the phone and contact each bank in your city, asking if they are a portfolio lender.
