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Lemoore sits in Kings County, a market where conventional financing often falls short for self-employed buyers and investors.
HousingWire flagged a spike in ARM demand as fixed rates hit 6.57% — portfolio ARMs are drawing serious attention from borrowers who want better initial rates.
620 (typical)
Min Credit Score
Non-QM Portfolio
Loan Type
3, 5, 7, or 10 yrs
Initial Fixed Period
Bank stmts or P&L
Income Docs
Typically 20%+
Down Payment
Portfolio ARMs are non-QM loans. Lenders hold them in-house and set their own qualification rules.
Most lenders want a 620+ credit score, but some go lower. Income can be verified with bank statements, assets, or P&L — not just W-2s.
Most retail banks don't offer portfolio ARMs. You need a wholesale lender or a broker with access to portfolio lenders.
At SRK CAPITAL, we work with 200+ wholesale lenders. That means we can shop multiple portfolio ARM programs for Lemoore borrowers at once.
Portfolio ARMs work best for borrowers who plan to sell or refinance within 5-7 years. Paying for a 30-year fixed rate you won't keep is money left on the table.
Self-employed Kings County buyers struggle most with conventional income docs. A portfolio ARM with bank statement underwriting solves that problem directly.
A standard ARM gets sold to Fannie or Freddie. A portfolio ARM stays with the lender — so it doesn't have to follow agency rules.
DSCR loans also work for investors, but they underwrite on rental income. Portfolio ARMs can qualify on assets, cash flow, or bank statements instead.
Lemoore has a mix of military families near NAS Lemoore and agricultural business owners. Both groups often have income that doesn't fit standard W-2 underwriting.
Kings County's lower price points can make portfolio ARMs attractive for investors buying rental properties without triggering jumbo thresholds.
The lender keeps it. No Fannie Mae rules, no Freddie Mac guidelines — the lender writes their own terms.
Yes. Most portfolio lenders accept 12-24 months of bank statements. That's the main reason self-employed borrowers use them.
Most portfolio ARMs fix for 3, 5, 7, or 10 years. After that, the rate adjusts annually based on an index.
Often yes. Lower initial rates improve early cash flow. Just plan your exit before the rate adjusts.
Most lenders start at 620. Some portfolio programs go lower, but expect higher rates below 680.
Usually not. Most programs require 20% down and skip PMI entirely. Confirm with your specific lender.
Portfolio ARMs in Lemoore