Portia Financial Services

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Portia Financial Services offers a variety of loan programs to meet your needs. We work with the leading lenders in the industry to provide:

Streamline Refinance
Non-conforming loans
Low 30/15 year fixed rate
30 due in 3, 5 or 7 years
Over 100% Equity Loans
Adjustable Rate Mortgages
VA loans
2 year lender funded buydowns

Streamline Refinance

Allows for a low cost, rate reduction refinance. Your existing lender is probably not interested in reducing your interest rate. Let us do the legwork for you!

Non-conforming loans We work with many lenders and investors willing to loan money in almost any situation. Many people have had things come up in life that affects their credit history or income status. *We can help!* Some programs available are *no income verified* (great for self employed!), *B through D credit* approved loans, we can rate your credit profile and structure your application for the right lender. "B" is ususally a couple 30-60-90 day lates all the way down to "D" which can include bankruptcy, judgements, and/or foreclosure. If anyone can get your loan approved, *we will!*

Low 30/15 year fixed rate

If you're looking to stay in your home for a while, this may be the way to go. Fixed rates have been historically low over the past 12 months. We can lock your loan at application, or you can float until closing. Ask about our free floatdown! 15 year amortized rates are usually about 1/2 to 3/4% less than a 30 year amortized loan.

30 due in 3, 5 or 7 years

These are discounted rate programs that are amortized over 30 years but requires that you make a decision after a set period of time. After the set time you can either sell the home, refinance, or roll it into an ARM (or a fixed rate depending on the program). Your initial rate is usually 1/2 to almost a full point lower than a conventional fixed 30 year rate. A *great* program for people that may not be in the house over 5 to 7 years (the average is about 6 years).

Over 100% Equity Loans

Allows you to borrow up to 100% or more of the value of your home. You can move higher interest credit cards and other bills to a tax deductible, lower rate loan. Or you can just have fun somewhere! This program is available to self employed and no income verified applicants

Adjustable Rate Mortgages

Initial rates can start out as low as 3.95%! Some ARM's will adjust every 6 months, some every 12 months. The factors that affect you on an ARM, is your *index(this is what your rate adjusts to, the indexes can be looked up daily on the Internet or in the Wall Street Journal), and the margin(this number you add to the index). So if your index at your adjustment time is 5.5%, and your margin is 3.0%, then your new rate is 8.5%. There are also caps* that limit your rate increase. The cap is typically 2% per year and 6% over the life of the loan. Be aware that the cap may vary with different programs. Another possibility is negative amortization that can keep your payment the same and the difference is added to your loan balance. Many, many options with ARM,s.

VA loans

For veterans only. A *great government program* for veterans! Allows you to buy a home for 0 down!! This is a true 0 down! Your closing costs and pre-paids can be paid by the seller or gifted. You can also refinance your existing mortgage into a VA loan and take advantage of certain cash out advantages!

2 year lender funded buydowns

This is a good program for people who's income limits them to the size or quality of house they're looking for. It works by getting an initial starting rate that is 2% less than a 30 year fixed rate(your first year payments are reduced). This will let you qualify for a bigger loan(more home!) Then your interest rate(and payment) graduates up 1% after 1 year, then another 1% the next year. After 2 years your rate(and payment) is fixed for the remainder. The downside here is your final, fixed rate is a bit higher than a standard 30 year fixed.


Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $417,000 for the contiguous states, District of Columbia, and Puerto Rico or below $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $333,700 with closing costs of $6,674. Jumbo Loans (whose maximum loan amount exceed $417,000 for the contiguous states, District of Columbia, and Puerto Rico or exceed $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $1,000,000 with closing costs of $20,000. Your actual APR may be different depending upon these factors.