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

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
We were able to close on our first home even with a strict budget, and I credit it all to Alex and the staff at LBC Mortgage. We couldn’t have done it without you. Thank you so much!
Roger Billon
Roger Billon
06:07 25 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
This was one of the last steps I needed to do in order to close on a home, and I had been putting it off because I had assumed it was a complicated and cumbersome process. I could not have been more wrong. Alex and everyone at LBC Mortgage made the process really simple and straightforward. Excellent company with people that really care about you.
Charles W
Charles W
06:52 23 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
People often ask me who I use for my own mortgages and refinances. Every time I recommend LBC Mortgage. They’re always working hard to stay one step ahead of the competition. To me, they’re more like family than my mortgage company. I’ve just closed my third deal with them and I can’t wait to see what the future holds.
Ahndray Hamilton
Ahndray Hamilton
09:06 18 Feb 21

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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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