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Laguna Beach is not a conforming-loan market. Prices here routinely push buyers into jumbo territory, where standard fixed rates get expensive fast.
HousingWire flagged a sharp drop in mortgage applications as the 30-year fixed hit 6.57%. Smart buyers are looking at ARMs — and portfolio ARMs specifically.
Typically 680+
Min Credit Score
5, 7, or 10 Years
Fixed Rate Period
12-24 Months
Reserves Required
Non-QM
Loan Type
Adjustable After Fixed
Rate Type
Portfolio ARMs in Laguna Beach
Portfolio ARMs are non-QM loans. Lenders hold them in-house, so they set their own rules — not Fannie Mae's.
Expect credit score minimums around 680 and strong reserves. These lenders want to see 12-24 months of liquid assets.
Local decision guide
Use this guide to connect portfolio arms eligibility, lender expectations, and local market factors before comparing payment options in Laguna Beach.
Laguna Beach is not a conforming-loan market. Prices here routinely push buyers into jumbo territory, where standard fixed rates get expensive fast.
HousingWire flagged a sharp drop in mortgage applications as the 30-year fixed hit 6.57%. Smart buyers are looking at ARMs — and portfolio ARMs specifically.
Portfolio ARMs are non-QM loans. Lenders hold them in-house, so they set their own rules — not Fannie Mae's.
Your local bank won't have this product. Portfolio ARMs live with private lenders, credit unions, and specialty non-QM shops.
We work with 200+ wholesale lenders at SRK CAPITAL. A handful of them actively compete on portfolio ARM pricing for Laguna Beach borrowers.
The best use case here is a buyer with significant assets but complex income — retired executives, business owners, art collectors. W-2 income isn't required.
ARM structures vary widely. A 5/1, 7/1, or 10/1 ARM gives you a fixed period before rates adjust. In Laguna Beach, most buyers I see prefer the 7/1 or 10/1.
A 30-year jumbo fixed locks you into a higher rate for three decades. If you're selling or refinancing in 7-10 years, you're overpaying every month.
DSCR loans work for rental properties. Bank statement loans focus on self-employed income. Portfolio ARMs are the play when you want flexibility on a primary or second home.
Laguna Beach has a high concentration of second homes and investment properties. Portfolio lenders are comfortable with that — conventional lenders often aren't.
Coastal properties here sometimes have appraisal complications. Portfolio lenders can be more flexible on unique homes that don't comp easily.
The lender keeps your loan on their own books instead of selling it. That means they set the rules and can be more flexible.
Common structures are 5/1, 7/1, and 10/1. The first number is the fixed period in years before the rate adjusts.
No. Portfolio lenders can qualify you on assets, bank statements, or investment income. That's part of what makes them useful here.
They can be. Ask your broker about rate caps and have a clear plan for refinancing or selling before the fixed period ends.
Yes. Portfolio lenders are generally more open to second homes and vacation properties than conventional loan programs.
Initial rates are typically lower than jumbo fixed. The trade-off is rate risk after the fixed period. Rates vary by borrower profile and market conditions.