Investor · Las Vegas, NV · Member since 2013 · 8k+ posts · 10k+ votes
5y
Probably depends a lot on you and them. Credit unions certainly did this a few years ago in Las Vegas when I did it. What’s the reason for the portfolio lender? Do you already have 10 personal loans for yourself and another 10 for your spouse if you have one?
Investor · Narragansett, RI · Member since 2013 · 8k+ posts · 4k+ votes
5y
@Sierra Swords Portfolio loans are typically to cover multiple investment properties. You can't mix owner occupied and investment loans but the same lender may handle both types of loans.
Lender · Denver, CO · Member since 2017 · 348 posts · 143 votes
5y
Yes a bank or credit union that does have in house portfolio loans typically has a 3-5% down option. I would recommend talking to the as well as a mortgage lender to see which one has the better deal. Sometimes the banks portfolio product offers better terms and sometimes they don't so just make sure that you get a breakdown for both so you can look them over and see which one is the better option.