Today's Portfolio Mortgage Rates

Portfolio Mortgage Loans in California

If you’re self-employed or a private contractor and you want to be approved for a mortgage, you may have a difficult time getting a standard conventional loan. That’s because most lenders want to see a reliable, steady and consistent income. California portfolio mortgage loans are for those who have a different source of income other than regular pay stubs. For example, private contractors may have a good income showing on their 1099, but because of the different write-offs they qualify for, they might not qualify for a conventional loan.

Understanding California Portfolio Loans

With a portfolio loan in California, portfolio lenders hold loans on their own books, which means they can make their own rules in terms of who they can loan to. For example, if you wanted a conventional loan, you’d need to show at least a two year income history. With portfolio mortgage loans, you have more flexibility.

Prior to the housing crisis, it was even possible to do a quick “Stated Income Loan” where the borrower simply said how much they made. These days, LBC Mortgage offers something similar that lets you demonstrate your income with documents other than paychecks and W2s.

How Do I Learn More About California Portfolio Mortgages?

Understandably, California portfolio mortgage lenders are particularly attractive to those who are looking for an alternative to the traditional conventional loan. In some cases, because there’s less documentation required, they may require a higher down payment, but this is specific to each borrower’s unique situation and will need to be something that you discuss in more detail with LBC Mortgage.

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Client Reviews

Vassiliy P
Vassiliy P
20:05 04 Jan 22
It's been a treat working with such knowledgeable and caring staff. Always reachable getting back to you with answers you need quick to make these life...
Mikhail K.
Mikhail K.
20:33 27 Dec 21
It was a pleasure working with Alex Shekhtman and his team on another loan. They made it easy and painless. Very professional and efficient. I would gladly...
Anna G.
Anna G.
15:34 21 Oct 21
LBC Team went above and beyond to help us buy our new home! They were available for all of our questions, were prompt in their replies to us, and guided us...
Julia T.
Julia T.
08:40 22 Aug 21
Excellent team of great professionals! Superb customer service! They have successfully handled our purchase and refinance in a very short period of time,...
Elina L.
Elina L.
11:12 30 Jun 21
It is hard to describe how scary we were when decided to buy a house. We had no knowledge of the processing, prices, policies, calculations… When our agent referred us to Alex Shekhtam, from the first phone consultation we felt to be just in right hands. We are so blessed to have LBC Mortgage team! Our first house was purchased just because of these hardworking, reliable, efficient, responsive professionals! Recently we were able to refinance our house on good conditions, again, just because of them! Easy processing paperwork, knowledgeable advisors, pleasant communication make you feel special. We are so grateful to all and everyone from LBC Mortgage for making our dreams true!!!!
Lora Kochetkova
Lora Kochetkova
03:44 29 Jun 21
LBC Team is now our Number One Team! Their service was impeccable! We really appreciated the detailed explanations and daily reminders throughout the whole...
Galina S.
Galina S.
13:34 29 Mar 21
Alex and his team were very attentive to our needs. We had some very specific criteria when looking for a home, and most mortgage companies, especially banks, were not even willing to listen to us -- but the team at LBC Mortgage was. They kept everything moving and were happy to answer our questions. We never felt like a burden to them, and that’s how customer service should be.
Kaylani paliotta
Kaylani paliotta
05:51 25 Mar 21
If you are shopping online for mortgage or refinance, look no further. Seamless process and good communication. I am pleased with their fast response. They kept me updated with each phase of a process. Thank you LBC Mortgage.
Christiane BABINOT
Christiane BABINOT
07:40 03 Mar 21
I work in construction, so I was used to going to the banks for a loan and being told “no” over and over again. I decided to see if I could bypass the process. I’d heard a lot of good things about this company but I didn’t realize how dedicated they were to helping me until I got to know them myself. They looked at all of my information and got me a great deal for my next project. I know who I’ll be using for all of my home loan needs from this point forward.
Jules Bonchamps
Jules Bonchamps
07:28 16 Feb 21
I’m a real estate broker myself and I consistently rely on LBC Mortgage to get me the best deals. I always know that I can count on Alex Shektman and his team to come through for me when I need them and I even use them myself! No better testimonial to their services than that!
Shane Watson
Shane Watson
04:54 12 Feb 21
I would like to express my gratitude to the LBC Mortage team and personally to Alexander Shekhtman. I turned to Alexander about buying a home: Alexander and his team supervised the whole process very professionally. Personally, in working with LBC Mortgage i liked the punctuality, delicacy and professionalism - any question, any incomprehensible place, was immediately explained and covered. I wish success and good luck to the Agency and its employees in their future work!
Marat Shaimardanov
Marat Shaimardanov
05:16 11 Jan 21
The services were provided at the highest level. They worried about us and delivered information as many times as necessary so that we would all understand) And also a huge plus of this company that I do not really speak English, so I received all the information in Russian, since most of the employees know Russian. I recommend this company
Roman Trach
Roman Trach
12:59 22 Dec 20
We have worked with Alex and his company for many many years and were never disappointed. Just recently they worked on refinancing for our home and again the result exceeded all of our expectations. The team is very professional, on point, makes sure you as a customer, are aware of every step along the way. Everyone is always very helpful and courteous. It was a pleasure to work with Alex and his team again. Thank you!
Alla Krishtall
Alla Krishtall
02:46 23 Sep 20
It’s my second time in 10 years enjoy excellent, very reliable and fast service , strongly recommended to everyone, no hustles and desirable result !!And by the case very professional and friendly stuff !!!
Luna Lovegood
Luna Lovegood
22:36 25 Aug 20

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How Can LBC Mortgage Help You Today?

California portfolio mortgage loans are just one of the many types of loans we’re able to work with in order to get you approved for a mortgage loan. Because of our experience in working with California portfolio lender companies, many potential homeowners seek us out in order to help them secure a home loan if they have income sources other than the more common ones.

We work with many different types of loans and a vast lending network in order to help people get approved for non-conventional types of home loans. Our flexibility and relentless dedication to helping you get approved are why so many people trust LBC Mortgage for all their home loan needs.

If you’re interested in learning more about portfolio loans in California and how this type of loan may help you, you’ll be glad to know that we work alongside top-rated lenders with large and varied portfolios who are very accommodating with their requirements. This unprecedented flexibility allows us to get you the best deal whether through a lender portfolio program or one of the many other types of loans we work with.

Contact the experts at LBC Mortgage today to learn more about our comprehensive lending services. We’ll take the time to understand your specific and unique requirements as well as understand the type of home you’re looking for as well as your budget. We can then get to work helping find the best possible deal for your individual case so that you can be one step closer to the dream of home ownership.

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