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Portfolio Lending

Portfolio Lending

Whether you’re a bank or a credit union, our suite of portfolio lending solutions delivers flexible financing options to help you expand your business and diversify your lending portfolio.
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Portfolio Solutions:
National MI supports your non-agency loans with expanded options to address borrowers’ unique needs. Portfolio-Edge can reduce your credit exposure and provide you and your borrowers with additional benefits. Let us help you realize capital relief by reducing your loss reserve allowance. Portfolio-Edge does not require a 2nd Master Policy.

flexible financing options for portfolio lending
National MI provides more flexible financing options to help you seize significant portfolio opportunities and qualify more borrowers:

Non-AUS Guidelines

  • Portfolio-Edge reduces credit exposure for loans not being sold to the GSEs
  • Portfolio-Edge guidelines are more expansive than GSE guidelines. Refer to the National MI TrueGuide®, Section 3, for full details

Purchase / Rate and Term / Construction to Permanent (NON AUS Conforming)

  • Primary / Second Home / Investment Property
  • Credit score down to 620 for Primary (680 for Second Home; 720 for Investment Property)

Up to 97% LTV on 1-unit Primary

  • Excellent option for First Time Homebuyers
  • With 3% down – less cash to close
  • 100% gift funds allowed in some instances

Jumbo

  • Loan amounts up to $2,000,000
  • Primary/Second Home
  • 40 / 30 / 25 / 20 / 15 / 10 - year loan terms

MI Coverage % Level

  • Choose the amount and duration of your mortgage insurance coverage
  • Improve your capital efficiencies and reduce your loss reserve
  • Available for all MI premium payment plans

Construction to Perm

  • 12-Month MI Commitment issued and you can choose to either activate the MI so you can be covered during construction or at time of construction completion

Medical Professional Loans

  • Medical, Dental, Eye Doctor, Surgeon, Veterinarian, Pharmacist or Physician Assistant
  • Up to $2,000,000 loan amount

Affordable Lending

  • 100% Gift Funds Allowed in some instances
  • Pair with Down payment Assistance up to 105% CLTV with 2nd Lien

Underwriting Guidelines

Refer to the TrueGuide® Underwriting Guidelines Section 3 for details on options shown above:
  • Portfolio-Edge Conforming (Section 3.13.1)
  • Portfolio-Edge Jumbo (section 3.13.2)
  • Portfolio-Edge Affordable Loans (section 3.13.3)
  • Portfolio-Edge Medical Professional Program (section 3.13.4)


Credit Union Solutions:
National MI understands the unique needs of credit union customers and offers an array of flexible mortgage insurance options for members with lower down payments to achieve homeownership sooner and more affordably, while potentially increasing their purchasing power to buy a home. In addition to Portfolio-Edge offerings, National MI offers competitive Rate GPS pricing, a broad range of specially-designed training, and high-touch service through our network of sales advisors and Solution Center.