Portfolio Loans

Portfolio loans are non traditional, and non prime loans. These loans are for clients that are outside the box of conventional lending. Below are some examples we have at First National Bancorp

• Super Jumbo Loans to $20 million…
• Strong Bank Statement Programs~ including 12 month Business Bank Statement Program.
• Our service desk will calculate income before submission!
• Primary wage-earner’s mid-score utilized for qualification and pricing
• No seasoning requirement options including cash-out refinances
• Cash-out used for reserves on some products/ High cash out options
• Investor No Ratio Program
• 1×30 housing payment history options- one day out options
• Consumer derogatory credit allowable/ Significant recent credit event and one day out options
• Foreign National borrowers eligible (for 2nd homes and investments)
• Reserves starting at 3 months PITI
• Max DTI 50%- and some to 59%
• Non Warrantable Condo Options