Question 1

What's the typical fixed period on Beverly Hills portfolio ARMs?

Accepted Answer

Most portfolio ARMs offer 3, 5, or 7-year fixed periods before adjusting. The 5-year fixed is most common for primary residences in this price range.

Question 2

Can foreign nationals get portfolio ARMs in Beverly Hills?

Accepted Answer

Yes, several portfolio lenders approve foreign nationals with US assets. You'll typically need 30-40% down and substantial reserves in US accounts.

Question 3

How do portfolio ARMs handle properties over $3 million?

Accepted Answer

Portfolio lenders routinely finance properties above $3M, often up to $10M+ with appropriate down payment. Loan limits are more flexible than jumbo products.

Question 4

What happens at the first adjustment on a portfolio ARM?

Accepted Answer

Your rate adjusts based on the index plus margin, subject to periodic caps. Most cap the first adjustment at 2% above your initial rate regardless of index movement.

Question 5

Do portfolio ARM lenders require reserves for Beverly Hills properties?

Accepted Answer

Expect 6-12 months reserves minimum. Higher-priced properties or complex income may require 18-24 months of principal, interest, taxes, and insurance in liquid assets.

Portfolio ARMs in Beverly Hills: Flexible Financing for High-Net-Worth Borrowers