Financing in Seattle>Question Details

axl3, Home Buyer in Seattle, WA

Where in WA state can I find a portfilio lender who doesn't underwrite to Fannie Mae and Freddie Mac guidelines?

Asked by axl3, Seattle, WA Fri Oct 5, 2012

Help the community by answering this question:


A portfolio lender is a direct lender (they have their own money). Any bank can be a portfolio lender, it is whether they choose to or not. This is inclusive of the bigger banks and smaller community banks and credit unions. Practically all jumbo loans are portfolio products. There are mortgage companies/ bankers out there that say they have portfolio money. Truth be told, they usually do not use their portfolio but sell/wholesale their loans in the long run. Washington Federal is a great choice, but I am biased as I am a manager. I know for certainty, that if it were not for WA Federal and my team, there would be a lot less home owners in the Greater Seattle area.

So, Washington Federal, Sterling Savings, US Bank, Boeing Credit Union, First Security Bank, Seattle Funding Group, private individuals with lots of money, or mortgage brokers, etc. are some choices. But, as I mentioned, any bank can be a portfolio lender if they choose. There are choices like private/harder money lenders that charge higher points and interest rates but you have to find out whether that makes sense for your particular situation. I spent 17+ years doing private money. That is a very viable source and probably the biggest source for speculative construction lending at this time.

Please contact me if you have any questions. If we will not be the best fit, perhaps I can point you in a direction that may fit your needs, including other portfolio lenders. Contact me at:

Washington Federal
Sam Orallo
NMLSR #636343
2012 Seattle Magazine 5-Star Lender
1 vote Thank Flag Link Sat Mar 30, 2013
What's the issue?

Wash federal maybe
1 vote Thank Flag Link Fri Oct 5, 2012
If you are seeking a flexible and resourceful lender in North Washington, I'm your Washington Federal Lender in Bellingham, WA. As Sam Orallo states, we've been a 100% Portfolio Lender since 1917 so we know a thing or two about making things work. The call is free: 360-756-2570. My lending profile is being updated today (Susan Templeton, Community Lender). All the best!
0 votes Thank Flag Link Fri Jan 17, 2014
I see many people mentioning Washington Federal. It's a common answer because they are from Washington.

Union Bank just moved here from California and they have some good products too. Very unique guidelines and products for home lending. Like Washington Federal, brokers can work with them so you can contact a broker and they can share the differences between Washington Federal, Union Bank and others to get you the best product and price.
0 votes Thank Flag Link Tue Oct 15, 2013
A good contact for you would be Karen Hlinka at Washington Federal 206-284-5171
0 votes Thank Flag Link Sun Mar 31, 2013
Have you tried a mortgage broker? Try Guild Mortgage in Bellevue or Seattle Mortgage. Both are large lenders. They may have some private money to lend. Good luck.
0 votes Thank Flag Link Sat Mar 30, 2013
Sterling Savings bank also portfolios some loans and US Bank is a portfolio lender.

Even the portfolio lenders follow Fannie Mae and Freddie Mac guidelines in case they ever want to sell those loans. If your situation makes sense as a good viable loan, the three above lenders may portfolio it. You best option is to do a consultation with a well experienced, knowledgeable mortgage broker with at least 10 years experience to help you navigate the daily changes occuring in the mortgage industry. I have a daily working relationship with such a broker and would be happy to introduce you.

You can contact me at .

Warm regards,
0 votes Thank Flag Link Thu Oct 11, 2012
Hi Karen, can you give me the lender's contact info please? My phone number is 360-658-4340;
Flag Wed Aug 20, 2014
Washington Federals Rates on their portfolio might be a bit higher but depending on your circumstances might make the difference...also Mitsubishi company's got some great local loans that would never make it to Fannie of Freddie...
Web Reference:
0 votes Thank Flag Link Fri Oct 5, 2012
You can contact Jack Durney at Washinton Federal directly at
Office: 425-672-6701

They are a portfolio lender and do a great job.
0 votes Thank Flag Link Fri Oct 5, 2012
As a loan originator I can broker to several portfolio lenders including Washington Federal. Because of having so many options as a broker, I will be more likely to get a loan for you & at the best possible pricing. Feel free to contact me directly.

Good luck to you in any case,
Jirius Isaac
Isaac Real Estate Team
Champions Real Estate Services
TriStar Finance #MLO-107799
Office: 425-483-6849 Cell: 206-841-9976
Winner of Seattle Magazines 5 Star
Real Estate Agent Best in Client Satisfaction Award
Mortgage Loan Originator Best in Client Satisfaction
Web Reference:
0 votes Thank Flag Link Fri Oct 5, 2012
Have you tried Washington Federal?
Email me if you need other referrals.
Web Reference:
0 votes Thank Flag Link Fri Oct 5, 2012
Yes, Washington Federal would possibly help you. Karen Hlinka at 206-284- 5171 would be a good contact to call there. Good luck.
0 votes Thank Flag Link Fri Oct 5, 2012
Try Washington Federal Savings, with headquarters in Washington State. You could also try a mortgage broker. There are private sources of money and mortgage brokers have access to those funds. Don't be shy, call a few mortgage brokers. The data shows most borrowers make application with the first mortgage person they encounter. Don't sign-up with the first lender, shop around before you sign.
0 votes Thank Flag Link Fri Oct 5, 2012
Washington Federal would be my answer too.
0 votes Thank Flag Link Fri Oct 5, 2012
My company does some Portfolio lending. I am with The Legacy Group. What are the loan details? Feel free to email me at
0 votes Thank Flag Link Fri Oct 5, 2012
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2016 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer