Question 1

What makes a portfolio ARM different from a regular ARM?

Accepted Answer

The lender keeps the loan instead of selling it. That lets them set their own terms, which means more flexibility on credit, income, and property type.

Question 2

Can I use a portfolio ARM to buy rural land in El Dorado County?

Accepted Answer

Often yes. Portfolio lenders aren't bound by conventional property eligibility rules, making them a real option for rural and acreage buys.

Question 3

How long does the fixed rate period last?

Accepted Answer

Typical options are 3, 5, 7, or 10 years fixed before the rate adjusts. Rates vary by borrower profile and market conditions.

Question 4

Are portfolio ARMs good for investment properties in Placerville?

Accepted Answer

Yes. Investors who don't fit DSCR or conventional guidelines often use portfolio ARMs. They work well for short hold periods.

Question 5

What credit score do I need?

Accepted Answer

No universal minimum — each lender sets their own floor. Some portfolio lenders go down to 620 or lower depending on other loan factors.

Question 6

Can self-employed borrowers qualify without tax returns?

Accepted Answer

Many portfolio lenders accept bank statements or asset depletion instead of tax returns. That's a core reason self-employed buyers use them.

Portfolio ARMs in Placerville: Flexible Rates, Local Terms