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Gridley is a small agricultural city in Butte County. Property prices here are far below what you'd find in Sacramento or the Bay Area.
HousingWire flagged a sharp drop in ARM demand as 30-year fixed rates hit 6.57%. That shift creates opportunity — portfolio ARMs still price below that benchmark.
Varies by lender
Credit Requirement
3, 5, or 7 years
Fixed Period
Non-QM
Loan Type
20-25% typical
Down Payment
Adjustable after fixed
Rate Type
Portfolio ARMs in Gridley
Portfolio ARMs are non-QM loans. Lenders set their own rules — no Fannie Mae or Freddie Mac guidelines to follow.
Self-employed borrowers, investors, and buyers with complex income benefit most. W-2 earners usually get better terms on conventional loans.
Local decision guide
Use this guide to connect portfolio arms eligibility, lender expectations, and local market factors before comparing payment options in Gridley.
Gridley is a small agricultural city in Butte County. Property prices here are far below what you'd find in Sacramento or the Bay Area.
HousingWire flagged a sharp drop in ARM demand as 30-year fixed rates hit 6.57%. That shift creates opportunity — portfolio ARMs still price below that benchmark.
Portfolio ARMs are non-QM loans. Lenders set their own rules — no Fannie Mae or Freddie Mac guidelines to follow.
Most banks won't offer these. Portfolio lenders keep the loan on their books, so they can bend the standard rules.
At SRK CAPITAL, we work with 200+ wholesale lenders. That means we can actually shop for the right portfolio ARM — not just accept whoever the local bank uses.
The initial rate on a portfolio ARM can run meaningfully lower than a 30-year fixed. If you sell or refinance within 5-7 years, you may never hit the adjustment period.
Know your exit. Borrowers who get burned on ARMs usually held past the fixed period without a plan. Build your timeline before you sign.
DSCR loans suit rental investors who want income-based qualifying. Portfolio ARMs can pair with that structure but carry rate adjustment risk.
Bank statement loans solve income documentation. Portfolio ARMs solve rate structure. Some borrowers need both — we can stack programs when that makes sense.
Gridley's lower price points mean smaller loan balances. The rate savings on a portfolio ARM may be modest in dollar terms — run the numbers carefully.
Agricultural and rural properties in Butte County can be tough to finance conventionally. Portfolio lenders are often more willing to approve non-standard property types.
The lender keeps it instead of selling it. That means they set their own terms, qualify you differently, and can be more flexible.
It can be. Rural and agricultural properties that don't meet conventional guidelines are where portfolio lenders shine.
It varies by lender. Common structures are 3, 5, or 7 years fixed before the rate adjusts annually.
Yes. Portfolio lenders often accept bank statements or asset-based income instead of tax returns. Requirements vary by lender.
It adjusts based on an index plus a margin set in your loan docs. Rate caps limit how much it can move at each adjustment.
Usually yes. Most portfolio lenders want 20-25% down. Terms depend entirely on the lender and your borrower profile.