Question 1

What's the minimum loan amount for Portfolio ARMs in Rolling Hills?

Accepted Answer

Most portfolio lenders start at $1M for Rolling Hills properties. Some require $2M minimum given the manual underwriting costs involved.

Question 2

Can I qualify with 1099 income only?

Accepted Answer

Yes, many portfolio lenders accept 1099s combined with strong reserves. Each lender has different documentation requirements we match to your situation.

Question 3

How do rate adjustments work on these loans?

Accepted Answer

Adjustment terms vary by lender. Common structures include 5/1 or 7/1 ARMs with 2% annual caps and 5-6% lifetime caps tied to an index plus margin.

Question 4

Do portfolio lenders require full tax returns?

Accepted Answer

Not always. Some lenders offer asset-based qualification or bank statement programs within their portfolio ARM products, depending on loan size and profile.

Question 5

What happens if I want to sell before the adjustment period?

Accepted Answer

No prepayment penalties on most portfolio ARMs. Many borrowers sell or refinance within 3-5 years, treating the ARM as short-term financing.

Question 6

How much in reserves do I need?

Accepted Answer

Expect 6-12 months of reserves minimum. Larger loans often require 12-24 months in liquid assets after closing.

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