Portfolio Loan needed in MA condo under contractI am looking for a portfolio lender and here are the stats of my situation: CondoHaverhill, MA9 units (1 unit, 8 residential square footage of all units around 800-850)Good owner occupancy: 6/9Purchase price: $111,000Down payment: 5%Assets: $6k in the bank (AFTER putting down the down payment) Credit score over 750Monthly debts: around $203 (student loan plus $25 credit card)Income: Self-employed real estate agent $2,781 monthlySome portfolio lenders are rejecting me because my assets are low....that's because I'm stuck in Boston paying ridiculous rents and I want to OBTAIN an asset. I've also paid back a private student loan of $30k in less than 3 years. I'm a PhD student and a full time real estate agent. I am shocked that it's becoming this difficult to find someone to lend me $105,450 for my first home...that will cost me less monthly than I already pay. Specifically for the unit: it is currently a 1 bed and I'm going to turn it into a 2 bed and rent out one of the bedrooms to a friend. Clearly I can afford these payments. If anyone has any contacts that would finance this situation I would be greatly appreciative and refer you real estate business outside my coverage area of greater Boston! David April 09 2014 - Haverhill00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.