Portfolio Mortgage Loans
Secure your new home with our in-house lending solutions.
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A Portfolio Mortgage Loan Is as Unique as You Are
Loans Designed Just for You
You like to do things your way—so do we! We tailor our Portfolio lending locally, so we’re free to offer rates, loan terms, and conditions that suit you and the community we serve.
Flexible Qualifying Criteria
Locked out of traditional loan options? Portfolio Loans make it easier to access the affordable home financing you need.
Put as Little as 0% Down*
Don’t let a lack of ready money prevent you from buying the house you want. Get into a property of your own sooner with little or no money down.
We’ll Cover the Appraisal Costs
At TVFCU, we cover the entire cost of your home appraisal fee, helping you save over $600.
Loans Designed Just for You
You like to do things your way—so do we! We tailor our Portfolio lending locally, so we’re free to offer rates, loan terms, and conditions that suit you and the community we serve.
Flexible Qualifying Criteria
Locked out of traditional loan options? Portfolio Loans make it easier to access the affordable home financing you need.
Put as Little as 0% Down*
Don’t let a lack of ready money prevent you from buying the house you want. Get into a property of your own sooner with little or no money down.
We’ll Cover the Appraisal Costs
At TVFCU, we cover the entire cost of your home appraisal fee, helping you save over $600.
Lowering the Barriers to Home Ownership with Portfolio Mortgage Loans
Everybody’s finances are built differently. At TVFCU, we believe the things that make you different shouldn’t count against you when you apply for a home loan.
Our Portfolio Loans are originated and underwritten in-house, and kept on our books for the full term of your mortgage. That gives us the freedom to build loans our way, with rates, terms, and qualifying criteria designed to meet your unique needs.
Portfolio Loans can be a good option for:
- Self-employed or contract workers
- Second homes and investment properties
- People with unique sources of income
- Unconventional real estate (mixed-use, multi-unit, etc.)
- Borrowers with less-than-perfect credit histories
Everything You Need to Know about Portfolio Mortgage Loans
If you’re not able to qualify for a traditional mortgage because your financial profile doesn't fit the mold, then a TVFCU Portfolio Loan could be your ticket to successful homeownership.
- Competitive rates: With no investors to impress, we’re able to offer better rates than on our conventional mortgage.
- Fixed and adjustable rate options: Choose an option that works with your income stream and financial pathway.
- Easier qualifying criteria: We get to know your financial picture so we can offer accessible home financing.
- Up to 100% financing*: We can build loans with little or no down payment.
- Local decisionmaking: Your loan stays with us, so decisions are made by people who understand you and your goals.
- Free appraisals: We’ll pay for your entire appraisal fee, saving you over $600 in upfront loan costs.
We’ll Cover Your Appraisal Costs
We’re making homeownership easier for all of us! We’ll cover your entire home appraisal fee, saving you over $600. Here’s how it works:
- Purchase transaction resulting in new money to TVFCU in the amount of $25,000 or greater.
- Refinance of a mortgage with another institution, resulting in new money to TVFCU in the amount of $25,000 or greater.
- Refinance of an existing TVFCU mortgage, resulting in new money to TVFCU in the amount of $25,000 or greater.
- Offer valid as of January 1, 2025, subject to change. Some exclusions apply. Offer valid on Portfolio Loans only.
Portfolio Loan Rates
Complete the form to get a better idea of the Portfolio Loan rates TVFCU is able to offer. Our loan rate calculator will help you compare options and visualize scenarios to find the home loan that fits you best.
Apply NowHow to Apply for a Portfolio Loan
- Step 1 - Apply online
Start your approval process with our easy online loan application. Provide details on your income, debts, and the loan amount you are seeking. - Step 2 - Get prequalified
We’ll work with you to determine whether your borrowing needs are best served by a conventional, FHA, or Portfolio Loan - Step 3 - Start your property hunt
With mortgage financing lined up, you can begin looking in earnest for a home or investment property that suits you!
Portfolio Mortgage Loan FAQs
To apply for a Portfolio Loan, you’ll need many of the same requirements as applying for a regular conventional loan. You’ll need proof of identity, employment, and income, including recent pay stubs or bank statements. You’ll also need to provide information about any existing debts you may have.
TVFCU will evaluate your application on a case-by-case basis to determine if you are able to qualify for a Portfolio Mortgage Loan.
Portfolio Loan options work much like any other mortgage. While conventional loans typically need to meet strict secondary market qualifying and underwriting rules to allow the mortgage to be resold to investors like Fannie Mae and Freddie Mac, Portfolio Loans need only satisfy the internal requirements of the credit union or bank offering the loan.
Portfolio Loans are often used to finance properties that don’t meet traditional loan standards—such as multi-unit properties, mixed-use buildings, or other unique properties.
Yes, Portfolio Loans can be refinanced if your financial situation changes. It’s possible to refinance your Portfolio Loan as another Portfolio Mortgage Loan, or to convert it to a conventional, FHA, or jumbo loan. Portfolio Loans may be easier to refinance because the mortgage is held solely by the lender that issued it. There is no need to work with third-party lenders.
Portfolio lending can have slightly higher interest rates depending on the risk level of the loan. However, the extra flexibility provided by many Portfolio Loans can often outweigh any additional cost for many borrowers.
Yes, you do need to be a TVFCU member to apply for a Portfolio Mortgage Loan. It’s easy to become a member. If you’re part of the Tennessee Valley, including North Georgia, chances are you already qualify for membership! Whether you’re an individual or a business, we make it easy for you to belong. You can become a member if:
- You live, work, worship, volunteer, or attend school in our 17-county community.
- You have a family member who’s already a TVFCU member.
- You share a household with a member, including domestic partners or live-in relatives.
- You’re temporarily away from the household (like a student or someone in the military).
- Your business or organization operates within our 17-county region.
- You are a member of the Audubon Society.
Calculate Your Rate and Monthly Payment
Embarking on a homeownership journey is a major milestone, and choosing the right mortgage is crucial. These calculators can quickly help you determine the loan type and amount that’s right for you.
View CalculatorsOther Mortgage Options You May Consider
FHA Loans
Own a home for less. FHA loans offer down payments as low as 3.5% for all qualifying applicants — even if you have less than perfect credit.
Learn MoreUSDA Loans
Buy a home of your own in your local community or afford a larger property in an outlying suburb or rural area with a USDA-backed home loan.
Learn MoreJumbo Mortgage Loans
Invest in your future. Buy a home with more space or amenities for your family and get the same competitive rates and great hometown service.
Learn More
