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Susanville is a small, rural market. Conventional lenders often pass on deals here — portfolio lenders don't have that problem.
HousingWire flagged a sharp drop in ARM demand as fixed rates hit 6.57%. That shift makes portfolio ARMs more competitive for buyers who plan to sell or refinance within 5-7 years.
620 (often flexible)
Min Credit Score
3, 5, 7, or 10 yrs
Fixed Period
Adjustable after fixed
Rate Type
Non-QM / Portfolio
Loan Category
Typically 2%
Annual Rate Cap
Portfolio ARMs in Susanville
Portfolio ARMs are non-QM loans. Lenders aren't bound by Fannie Mae or Freddie Mac guidelines — they underwrite to their own standards.
Credit requirements vary by lender. Most want a 620+ score, but some portfolio lenders go lower if the asset picture is strong.
Local decision guide
Use this guide to connect portfolio arms eligibility, lender expectations, and local market factors before comparing payment options in Susanville.
Susanville is a small, rural market. Conventional lenders often pass on deals here — portfolio lenders don't have that problem.
HousingWire flagged a sharp drop in ARM demand as fixed rates hit 6.57%. That shift makes portfolio ARMs more competitive for buyers who plan to sell or refinance within 5-7 years.
Portfolio ARMs are non-QM loans. Lenders aren't bound by Fannie Mae or Freddie Mac guidelines — they underwrite to their own standards.
Retail banks rarely offer true portfolio ARMs. You need a broker with access to private and regional lenders who actually hold loans.
At SRK CAPITAL, we shop across 200+ wholesale lenders. That matters in a market like Susanville where most lenders won't touch rural properties.
Portfolio ARMs work best when you have a clear exit. Buying a rental, planning a refi in 3 years, or flipping — that's where the lower initial rate earns its value.
The rate adjusts after the fixed period ends. Know your caps: most have a 2% annual cap and a 5% lifetime cap. Model the worst case before you close.
A 30-year fixed gives you certainty. A portfolio ARM gives you a lower rate upfront — useful if you won't hold the loan long-term.
DSCR loans cover investment properties using rental income. Bank statement loans cover self-employed income. Portfolio ARMs can do both, with rate flexibility built in.
Lassen County properties are often flagged as rural by automated systems. Portfolio lenders skip that filter — they underwrite the deal manually.
Susanville has a stable employment base, including correctional facilities and local government. Portfolio lenders look at that picture favorably for income documentation.
It's an adjustable-rate mortgage a lender holds in-house rather than selling to investors. That lets the lender set its own terms.
Yes. Portfolio lenders often allow investment properties. Some pair well with DSCR underwriting to qualify on rental income.
Common options are 3, 5, 7, or 10 years fixed before the rate adjusts annually. Your lender sets the specific structure.
Not always. They're often easier for self-employed or non-traditional borrowers. Guidelines vary by lender, not by agency rules.
It moves based on an index, usually SOFR, plus a margin. Most loans cap annual increases at 2% and lifetime increases at 5%.
Yes. We regularly place loans in rural California markets. Portfolio lenders in our network underwrite Lassen County properties manually.