Question 1

What credit score do I need for a portfolio ARM in Commerce?

Accepted Answer

Most lenders want 680 minimum. Some go to 640 with higher rates and larger down payments.

Question 2

How much documentation do portfolio ARM lenders require?

Accepted Answer

It varies by lender. Some accept bank statements only. Others want tax returns or asset depletion calculations.

Question 3

Are portfolio ARM rates higher than conventional loans?

Accepted Answer

Yes, expect rates 1-2% higher. You're paying for underwriting flexibility and non-standard approvals.

Question 4

Can I get a portfolio ARM on an investment property in Commerce?

Accepted Answer

Yes, but DSCR loans often work better for pure rentals. Portfolio ARMs shine for owner-occupied or mixed-use scenarios.

Question 5

When does the adjustable rate period start?

Accepted Answer

Most portfolio ARMs fix for 5-7 years first. The adjustment period begins after that initial fixed term ends.

Portfolio ARM Loans in Commerce: Flexible Financing for Complex Deals