Question 1

Can I use Mexican rental income to qualify?

Accepted Answer

Some portfolio lenders accept foreign rental income with proper documentation. Ask each lender directly — this varies a lot.

Question 2

What credit score do I need for a portfolio ARM in Calexico?

Accepted Answer

Most portfolio lenders want at least 620-640. Stronger credit gets better rate caps and margins.

Question 3

How long does the fixed period last on a portfolio ARM?

Accepted Answer

Common structures are 3/1, 5/1, and 7/1 ARMs. The first number is your fixed-rate years.

Question 4

Are portfolio ARMs available for investment properties?

Accepted Answer

Yes. Portfolio lenders often prefer investment deals. Owner-occupied portfolio ARMs exist but are less common.

Question 5

What happens to my rate after the fixed period ends?

Accepted Answer

Your rate adjusts based on an index plus a margin. Rate caps limit how much it can move each adjustment period.

Question 6

Do portfolio ARMs have prepayment penalties?

Accepted Answer

Many do. Read the terms carefully before signing — penalties on portfolio loans can be 1-3 years of interest.

Portfolio ARMs in Calexico: Flexible Financing for Real Buyers