Question 1

What makes a Portfolio ARM different from a regular ARM?

Accepted Answer

The lender keeps it instead of selling it. That means they write their own guidelines — more flexibility, but terms vary widely by lender.

Question 2

How long does the fixed-rate period last?

Accepted Answer

Most portfolio ARMs fix the rate for 5 or 7 years. After that, the rate adjusts on a schedule defined in your loan documents.

Question 3

Can self-employed borrowers in Santa Ana qualify?

Accepted Answer

Yes — portfolio lenders often accept bank statements or asset depletion instead of tax returns. That's a core reason these loans exist.

Question 4

What credit score do I need for a Portfolio ARM?

Accepted Answer

Most lenders want 680 or above. Some go lower with stronger compensating factors like a large down payment or significant reserves.

Question 5

Are Portfolio ARMs good for investment properties?

Accepted Answer

Often yes. Portfolio lenders regularly finance non-owner-occupied deals that agency lenders won't touch. Investor use is common.

Question 6

How do I find the best Portfolio ARM rate in Santa Ana?

Accepted Answer

You shop lenders. Rates and terms differ dramatically between portfolio shops — there's no standard. That's exactly what a broker does.

Portfolio ARMs in Santa Ana — Flexible Lending, Your Terms