Question 1

What is a portfolio ARM exactly?

Accepted Answer

It's an adjustable-rate mortgage a lender keeps on their own books. They set the terms — not Fannie Mae or Freddie Mac.

Question 2

How long does the rate stay fixed?

Accepted Answer

Common structures are 3/1, 5/1, and 7/1 ARMs. The first number is the fixed period in years.

Question 3

Can I qualify with self-employment income?

Accepted Answer

Yes. Portfolio lenders underwrite their own files. Self-employed borrowers are a core use case for this loan type.

Question 4

Are portfolio ARMs available for investment properties in Calipatria?

Accepted Answer

Yes, and that's a common use. Investors target lower-priced Imperial County rentals and use ARMs to keep early payments lower.

Question 5

What credit score do I need?

Accepted Answer

It varies by lender. Most portfolio ARM programs start around 620–660. Stronger credit gets better pricing.

Question 6

How does the rate adjust after the fixed period?

Accepted Answer

It ties to an index — usually SOFR — plus a margin. Your note will spell out caps on how much it can move each year.

Portfolio ARMs in Calipatria, CA — Flexible Lending for Real Buyers