They would keep it on their books because Fannie Mae or Freddie Mac will not guarantee it for one reason or anotherA portfolio loan is a loan that encompasses multiple properties. 

They are professionals at getting close and gaining trust.They are charming and know how to obtain information about you that will help in their dealings with you.

(called Encompass).So be ready to use another insurance company for your next purchases :)

I would do my best to be charming and this was sometimes aided by a beer or two. 

I can imagine a 1920s style home had its charm.  

. - 38115 and the term 'Hickory Hill" encompass a lot of area. 

Works like a charm.

Look at the S&P 500 trend. it basically encompasses the stock market.

I think these older neighborhoods have a lot of charm and location convenience that young professionals and some "empty nesters" are looking for (Rosewood has the additional advantage of having a decent elementary school!).

@Daniel SoovajianThere are many items that encompass closing costs which you mentioned(title work, loan origination costs, prepaids real estate taxes, insurance paid at closing, appraisal, etc)It should also be known that unless you are a week before closing - the lenders are providing you a rough estimate on what the closing costs will be.