Portfolio lenders are getting easier to find.

[Cal C.]

I may have written about this before, but over the past six months I've found it a lot easier to find portfolio lenders than anytime in the past 7 years. I have always had a solid real estate record, solid financials, a low DTI, and a high credit score ~800, but until earlier this year I was told no so many times by banks I thought it was my name. :)

I'm wondering if others are seeing the same and I want to encourage those of you who have been told no in the past to try again.  

[David Krulac]

@Cal C. 

Not hard at all, brick and mortar local, regional banks and credit unions have been doing them for many years.  We've had no trouble getting portfolio mortgages with fixed terms, as well as 5 yr fixed then adjusting.  The interest rates are a little higher but still less than private or hard.