Loading
Portfolio ARMs in Calabasas
Calabasas has high-value properties and self-employed professionals who don't fit agency loan boxes. Portfolio ARMs let lenders make approval calls based on the full borrower picture, not just what Fannie Mae allows.
These loans work because the lender keeps them on their books instead of selling them. That means they can bend on credit scores, income docs, or property types that conventional underwriters reject.
Most portfolio ARM lenders in this price range want 20-30% down and credit scores above 660. They'll look at bank statements, 1099s, or asset depletion instead of W-2s.
Interest rates adjust after an initial fixed period, usually 5, 7, or 10 years. Expect rates 0.5-1.5% higher than conforming ARMs because these are non-QM loans with more risk to the lender.
Only about 15-20 lenders in our network write portfolio ARMs, and each has different appetites. One might cap at $2M but accept 620 credit. Another goes to $5M but wants 700+ scores.
These lenders change guidelines monthly based on what's already on their books. A lender heavy in Calabasas properties might pause new loans there to manage concentration risk.
Portfolio ARMs make sense for borrowers who plan to sell or refi before the rate adjusts. I've placed clients who knew they'd sell in 3-5 years and didn't want to pay for a 30-year fixed rate they'd never use.
The flexibility costs money upfront and in rate. If you qualify for a conforming loan, take it. Portfolio ARMs are for situations where traditional underwriting says no but the deal actually makes sense.
Bank statement loans also work for self-employed borrowers, but they're fully amortizing 30-year fixed loans. Portfolio ARMs cost less monthly because of the adjustable rate, but carry refi risk if rates climb.
DSCR loans work if you're buying investment property and rental income covers the payment. Portfolio ARMs fit owner-occupied purchases where income doesn't document traditionally but exists.
Calabasas properties often hit price points where conforming loans don't work, even with the LA County high-balance limit. Portfolio ARMs fill the gap between conforming maximums and full jumbo requirements.
Entertainment industry income shows up in chunks, not steady paychecks. Portfolio ARM underwriters look at year-end 1099s and bank balances instead of demanding two years of W-2s that don't exist.
Expect rates 0.5-1.5% higher than agency ARMs. The exact spread depends on your credit score, down payment, and which lender holds the loan.
Yes, most borrowers refi into fixed-rate loans before adjustment. Make sure you qualify for better financing when that time comes.
Bank statements, 1099s, asset depletion, and profit-and-loss statements work. Each lender has different requirements, so we shop your specific situation.
Some lenders allow it, but DSCR loans usually fit investment properties better. Portfolio ARMs work best for owner-occupied purchases with non-traditional income.
Most lenders want 20-30% down. Higher down payments can offset lower credit scores or complicated income situations.
Mortgage financing for independent contractors and freelancers who earn 1099 income instead of traditional W-2 wages.
Mortgage programs that allow borrowers to qualify based on liquid assets rather than traditional employment income.
Non-QM loans that use 12 to 24 months of bank statements to verify income for self-employed borrowers.
Short-term financing that bridges the gap between buying a new property and selling an existing one.
Debt Service Coverage Ratio loans that qualify investors based on a rental property's income rather than personal income.
Mortgage programs designed for non-US citizens and non-permanent residents who want to purchase property in the United States.
Asset-based short-term loans primarily used by real estate investors for property acquisition and renovation projects.
Mortgages that allow borrowers to pay only the interest for an initial period, resulting in lower monthly payments upfront.
Financing solutions tailored for real estate investors purchasing rental properties, fix-and-flip projects, or investment portfolios.
Home loans for borrowers who have an Individual Taxpayer Identification Number instead of a Social Security number.
Non-QM mortgages that use a CPA-prepared profit and loss statement to verify income for self-employed borrowers.
Home loans with interest rates that adjust periodically based on market conditions after an initial fixed-rate period.
Specialized mortgage programs designed to support homeownership in underserved communities with flexible qualification criteria.
Mortgages that meet the guidelines and loan limits set by Fannie Mae and Freddie Mac for secondary market purchase.
Financing for building a new home or making major renovations, typically converting to a permanent mortgage upon completion.
Traditional mortgage financing not backed by a government agency, offering flexible terms and competitive rates for qualified borrowers.
Innovative loan products that leverage projected home equity growth to provide favorable financing terms.
Government-insured mortgages from the Federal Housing Administration with low down payments and flexible credit requirements.
A revolving line of credit secured by your home equity that allows you to borrow funds as needed during a draw period.
A fixed-rate second mortgage that provides a lump sum of cash by borrowing against the equity built in your home.
Mortgages that exceed the conforming loan limits set by the FHFA, designed for financing high-value luxury properties.
Loans for homeowners aged 62 and older that convert home equity into cash without requiring monthly mortgage payments.
Government-backed zero down payment mortgages for eligible rural and suburban homebuyers who meet income limits.
Government-guaranteed mortgages for eligible veterans, active-duty service members, and surviving spouses with zero down payment.