Because portfolio loans are not sold to Fannie Mae, Freddie Mac, or any of the government entities, we are free as a bank-owned company to establish our own set of guidelines and requirements for loans held in-house. If you are denied for a loan somewhere else but have good credit and believe you are a strong candidate for a mortgage, asking about our portfolio loan program is the smart thing to do. Buying your dream home takes patience, persistence, and a careful eye, and we are here to help make that dream come true!

There are guidelines that we follow in regards to down payment, debt-to-income ratio, credit scores, and reserves/emergency funds, but each loan is truly evaluated on a case-by-case basis. Part of your portfolio loan file is the loan story – a short narrative explaining why you have chosen this product and how your loan will benefit the bank that holds it. Your loan story is taken into consideration, along with several other factors, to determine if this product is right for you. At DNJ Gateway Bank Mortgage, we’re happy to evaluate your unique situation in order to determine if a portfolio loan is the right decision for you and your family.

Yes – we charge a 1% origination fee and standard closing costs on all portfolio loans, both of which are payable at closing.