Question 1

What makes a portfolio ARM different from a regular ARM?

Accepted Answer

The lender keeps it on their own books instead of selling it. That means they set their own terms and can approve profiles agencies would reject.

Question 2

Are portfolio ARMs available for investment properties in Huntington Beach?

Accepted Answer

Yes. They're one of the most common tools for HB investors. Some lenders pair portfolio ARM pricing with DSCR-style income qualification.

Question 3

What happens when the ARM adjusts?

Accepted Answer

Your rate changes based on an index plus a margin. Caps limit how much it can move — typically 2% per adjustment and 5-6% lifetime.

Question 4

Can I use bank statements to qualify for a portfolio ARM?

Accepted Answer

Many portfolio lenders accept bank statement income. This is one of the main reasons self-employed borrowers in HB use this product.

Question 5

Do non-warrantable condos in Huntington Beach qualify?

Accepted Answer

Portfolio lenders aren't bound by agency condo rules. Many will approve non-warrantable projects that Fannie and Freddie decline outright.

Question 6

How long does a portfolio ARM take to close?

Accepted Answer

Timelines depend on the lender. Portfolio underwriting can take longer than conventional — build in 30-45 days to be safe.

Portfolio ARMs in Huntington Beach, CA