Loading
Portfolio ARMs in Marina
Marina sits near Fort Ord and draws military families, self-employed professionals, and real estate investors. Portfolio ARMs work here because lenders can override standard guidelines that block otherwise strong borrowers.
These loans stay with the originating lender instead of being sold to Fannie or Freddie. That means underwriters can approve scenarios that agency guidelines reject—essential in a market with military transitions and entrepreneurial incomes.
Most portfolio ARM lenders want 10-20% down and credit scores around 640-680. Income documentation varies by lender—some accept bank statements, others approve based on assets alone.
The ARM structure keeps initial payments lower than fixed-rate options. Adjustment caps protect you from dramatic rate swings at each reset period, typically 6 months or 1 year.
Only about 40 of our 200+ wholesale lenders offer true portfolio ARMs. Each sets their own underwriting rules, so shopping matters more here than with standard loans.
Some lenders emphasize property cash flow for investors. Others focus on asset reserves for retirees. A few specialize in military borrowers transitioning between duty stations. Finding the right lender match determines whether you get approved.
Portfolio ARMs get misunderstood as subprime products. They're not. They're designed for borrowers who don't fit agency boxes but have legitimate ability to repay.
I see these work best for three Marina groups: investors buying second or third rental properties, self-employed borrowers with complicated tax returns, and recent transplants who lack traditional credit history. Expect rates 0.5-1.5% above conventional ARMs in exchange for guideline flexibility.
Bank Statement Loans offer fixed rates but require 12-24 months of statements and strict debt ratios. Portfolio ARMs give you more income documentation options with lower initial payments.
DSCR Loans ignore personal income entirely but require properties to cash flow at specific ratios. Portfolio ARMs consider both personal finances and property performance, giving underwriters more approval levers to pull.
Marina's proximity to Fort Ord means frequent military borrowers with VA loan eligibility. Portfolio ARMs make sense here when VA debt-to-income limits block approval or when buying multi-unit investment properties VA won't finance.
The city's rental market attracts small-scale investors buying duplexes and triplexes. Portfolio ARM lenders often approve 3-4 unit purchases with more flexible terms than conventional financing, especially when borrowers already own other rentals.
Most adjust every 6 or 12 months after an initial fixed period. Adjustment caps limit how much rates can increase at each reset and over the loan lifetime.
Yes. Many borrowers use Portfolio ARMs as bridge financing, then refinance to conventional or FHA once income documentation improves or credit seasoning meets agency requirements.
Absolutely. Lenders often approve based on rental income potential rather than strict agency formulas, making them ideal for 2-4 unit purchases.
Expect 10-20% down for most scenarios. Higher leverage sometimes available for strong borrower profiles with significant reserves.
Lenders can approve using bank statements, asset depletion, or other methods instead of tax returns. This works when write-offs reduce taxable income below actual cash flow.
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.