Question 1

Who is a portfolio ARM best suited for in Westminster?

Accepted Answer

Self-employed borrowers and investors with non-traditional income. If your tax returns understate your income, this loan structure gives lenders flexibility.

Question 2

How does a portfolio ARM differ from a standard ARM?

Accepted Answer

The lender keeps the loan instead of selling it. That means they set their own guidelines — often more flexible than agency products.

Question 3

Are portfolio ARMs considered non-QM loans?

Accepted Answer

Yes. They don't follow Qualified Mortgage rules. That flexibility is the point — but it usually means higher rates than conforming products.

Question 4

What credit score do I need for a portfolio ARM?

Accepted Answer

It varies by lender. Some go as low as 620, others want 680 or higher. Rates vary by borrower profile and market conditions.

Question 5

How long is the fixed period on a portfolio ARM?

Accepted Answer

Common structures are 3/1, 5/1, and 7/1. The first number is years fixed before the rate adjusts annually.

Question 6

Can I use a portfolio ARM to buy investment property in Westminster?

Accepted Answer

Yes. Many portfolio lenders in California allow investment property financing with flexible income documentation.

Portfolio ARMs in Westminster, CA — Flexible Rates, Real Options