Portfolio lender vs non-QM lender

[Horacio Gutierrez]

Hello,

What's the difference between portfolio lenders vs non-QM lenders and which is better to use for rental property investments?

[Daniel Hennek]

You're assuming lenders have to be either a portfolio lender or a Non-QM lender.  Lenders are businesses and can decide what loans they want to offer.

Non-QM refers to any product that is not a Qualified Mortgage under the Qualified Mortgage Rule.  So, portfolio products are Non-QM most of the time but can be a QM in certain cases.  

As far as what's better for an investor, it's all case by case.  You're best off finding someone you trust, who's competent, and has a strong product offering.  Then discuss your needs with them.  The most important piece of your puzzle is the MLO who's going to be guiding you.