Question 1

What makes a portfolio ARM different from a regular ARM?

Accepted Answer

The lender keeps it. They set their own terms and don't follow agency rules. That means more flexibility for borrowers who don't fit a standard box.

Question 2

Can self-employed borrowers qualify in San Leandro?

Accepted Answer

Yes. Portfolio lenders accept bank statements and asset-based income. W-2s are not required.

Question 3

How long is the initial fixed rate period?

Accepted Answer

Common structures are 5/1, 7/1, or 10/1 ARMs. The first number is the fixed period in years.

Question 4

Are portfolio ARMs available for investment properties?

Accepted Answer

Absolutely. Many investors in Alameda County use them for rentals and fix-and-hold strategies.

Question 5

What happens when the rate adjusts?

Accepted Answer

Rate caps limit how much your rate can move per adjustment and over the loan's life. Ask your lender for the specific cap structure.

Question 6

Is a portfolio ARM a good fit for a primary home in San Leandro?

Accepted Answer

It can be. If you plan to sell or refinance within 7 years, starting lower than a 30-year fixed can save real money.

Portfolio ARMs in San Leandro — Flexible Financing on Your Terms