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 the guidelines — not Fannie Mae or Freddie Mac.

Question 2

Do I need W-2 income to qualify in Tustin?

Accepted Answer

No. Many portfolio ARM lenders accept bank statements or asset depletion. Self-employed borrowers use these regularly.

Question 3

How long is the fixed period on a portfolio ARM?

Accepted Answer

It varies by lender. Common options are 3, 5, 7, or 10 years fixed before the rate adjusts annually.

Question 4

What credit score do I need?

Accepted Answer

Requirements vary by lender. Portfolio products often allow lower scores than conventional loans, but stronger credit still gets better pricing.

Question 5

Are portfolio ARMs a good fit for investment properties in Tustin?

Accepted Answer

Yes — especially if you plan to refinance or sell before the fixed period ends. Investors often use them to keep initial payments low.

Question 6

How do rate caps work on these loans?

Accepted Answer

Caps limit how much your rate can move. Watch the periodic cap, lifetime cap, and starting floor — each one affects your worst-case payment.

Portfolio ARMs in Tustin, CA — Flexible Rates, Real Approval Power