Portfolio Select
For borrowers with a credit event.
- Loans up to $2.5 million with a minimum of $125,000
- Purchase, Refi Cash Out, Refi Rate & Term, & Delayed Financing
- Owner-occupied, second homes, and investment properties
- One year seasoning for foreclosure, short sale or deed-in-lieu
- Two years’ seasoning for bankruptcy, can use chapter 13 filing date
- Pricing based on primary wage earner’s middle FICO score
- Up to 50% DTI
- Gift funds allowed
Min FICO
640
(Up to 75% LTV)
Max LTV
85%
(Min 700 FICO)
Credit worthy borrowers who have recovered from credit events no longer have to wait seven years to purchase or refinance! Our full doc Portfolio Select mortgage loan allows just one year seasoning for foreclosure, short sale, deed-in-lieu and just two years seasoning for bankruptcy. Capture more business and help those borrowers shut out of Agency guidelines. This full doc loan solution helps more borrowers achieve their financial goals through a home purchase or refinance.
What is ALT-A?
Alt-A is a loan classification for mortgages falling between Prime and Non-QM. Rockstar Wholesale’s Portfolio Select product is specifically for the Alt-A borrower who just misses qualifying for Prime.
Is Portfolio Select a full doc loan?
Yes, this is a full documentation loan product where the borrower is able to submit all income verification documents required by the lender. Consult a licensed mortgage advisor for requirements.
What is the maximum loan amount for Portfolio Select?
Loan amounts go up to $2.5 million. Talk to a licensed mortgage advisor about loan options that exceed $2.5 million.