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Fixed rates above 6.5% are pushing Delano buyers toward alternatives. Portfolio ARMs offer a lower starting rate without the constraints of conventional underwriting.
HousingWire flagged a 10.4% drop in applications when the 30-year fixed hit 6.57%. ARM demand shifted — and portfolio ARMs give borrowers more flexibility than standard ARMs.
Non-QM / Portfolio
Loan Type
3, 5, or 7 Years
Common Fixed Periods
Varies by Lender
Credit Floor
Bank Stmts, P&L, Full Doc
Income Types Accepted
200+ Wholesale Lenders
Lender Pool
Portfolio ARMs in Delano
Portfolio ARMs are non-QM loans. Lenders hold them in-house, so they write their own rules on income, credit, and reserves.
Self-employed borrowers, investors, and those with irregular income are common fits. Standard W-2 underwriting doesn't apply here.
Local decision guide
Use this guide to connect portfolio arms eligibility, lender expectations, and local market factors before comparing payment options in Delano.
Fixed rates above 6.5% are pushing Delano buyers toward alternatives. Portfolio ARMs offer a lower starting rate without the constraints of conventional underwriting.
HousingWire flagged a 10.4% drop in applications when the 30-year fixed hit 6.57%. ARM demand shifted — and portfolio ARMs give borrowers more flexibility than standard ARMs.
Portfolio ARMs are non-QM loans. Lenders hold them in-house, so they write their own rules on income, credit, and reserves.
Most banks don't offer portfolio ARMs at the branch level. You find them through brokers with access to wholesale portfolio lenders.
SRK CAPITAL works with 200+ wholesale lenders. That means we can actually shop terms — not just take what one bank offers.
Portfolio ARMs work best when you have a clear exit plan. A 5/1 or 7/1 ARM makes sense if you're selling or refinancing before the rate adjusts.
In Kern County, investors use these to buy, stabilize, and flip or refi. Holding one past the fixed period without a plan is where borrowers get burned.
DSCR loans qualify on rental income. Portfolio ARMs qualify on the full borrower profile. Different tool, different use case.
Bank statement loans are also non-QM but focus on deposit history. Portfolio ARMs focus on the rate structure first, then underwriting flexibility.
Delano is a working agricultural city in Kern County. Incomes here skew seasonal or self-employed — exactly who portfolio lenders are built for.
Property values in Delano run lower than coastal markets. Smaller loan sizes still benefit from portfolio ARM rate structures, especially for investors building a local portfolio.
Portfolio ARMs stay with the lender — they're never sold. That lets lenders bend their own rules on docs, income, and terms.
Yes. Investors use them often. You'll want a clear plan for the rate adjustment window before it kicks in.
It varies by lender. Portfolio loans don't follow agency minimums — some go below 640 depending on other factors.
Most run 3, 5, or 7 years fixed before adjusting. The right term depends on how long you plan to hold the property.
Yes. Many portfolio lenders accept bank statements or P&L in place of tax returns. That's a big reason self-employed borrowers use them.
Most do. Caps limit how much the rate can move per adjustment and over the loan's life. Ask your broker for the cap structure.